Big “I” Comments on Introduction of Bipartisan Terrorism Insurance Bill
WASHINGTON, D.C., Feb. 5, 2013 — The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) today released the following statement regarding the introduction of a Terrorism Risk Insurance Act (TRIA) reauthorization bill in the U.S. House of Representatives.
“The Big ’I’ thanks Reps. Michael Grimm (R-N.Y.) and Carolyn Maloney (D-N.Y.) for focusing attention on the important issue of terrorism insurance,” says Charles Symington, Big “I” senior vice president of government affairs. “The current TRIA program has worked well to ensure that this essential coverage is available to policyholders throughout the country. Jump starting the debate on the future of the TRIA program now is especially important with its expiration just around the corner at the end of next year.”
Founded in 1896, the Big “I” is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of approximately a quarter of a million agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance—property, casualty, life, health, employee benefit plans and retirement products. Web address: www.independentagent.com