Terrorism insurance program renewal future is unknown

terrorism insurance industry news 9/11 Memorial in 2004

The debate will be whether or not there is any need to extend this coverage for a second time. When the attacks on the World Trade Center and on the Pentagon occurred on 9/11, there was a dramatic change in the demand for terrorism insurance and in the way that risk was being calculated by insurers. Suddenly, there was a very real threat that massive losses could occur as a results of terrorist attacks. A law was put into place to make sure that terrorism insurance would remain available and…

Read More