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November 04, 2005 at 07:00 PM
The head of the Group Life Coalition is attacking a new effort by the Consumer Federation of America to keep Congress from adding group life insurance to the federal Terrorism Risk Insurance Act.[@@]
Robert Hunter, insurance director at the CFA, Washington, and Travis Plunkett, the group’s legislative director, wrote to Senate leaders earlier this week to remind them of the CFA’s longstanding opposition to extending or expanding the TRIA program.
Hunter, the former Texas insurance commissioner, and Plunkett write that they believe the group life market is doing fine without TRIA.
“Apparently, Bob Hunter thinks it’s more important to insure bricks and mortar than boys and girls,” says Philmore Anderson, executive director of the Group Life Coalition, Washington, and founding partner of D.C. Navigators, Washington, a lobbying group. “Including group life in TRIA is about protecting the financial security of people, in addition to inanimate objects like buildings,”
TRIA is scheduled to expire Dec. 31, and the Bush administration has suggested that it would like to narrow the scope of the program.
The Senate seems likely to support the Bush administration.
