Upfront: Terrorism Insurance Surges

Topics:
Insurance
Tags:
Business Operations,
Terrorism,
Penton Media Inc.,
Insurance,
Homeland Security,
Government,
Financial Planning,
Finance,
Corporate Insurance,
Terrorism Insurance
Source:
Penton Media

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Overview: This paper talks about a survey of 600 companies and government entities conducted by Marsh Inc, according to which in the first quarter of this year, U.S. businesses purchased insurance coverage against terrorism at a faster rate than they have in any other quarter since the government enacted the Terrorism Risk Insurance Act (TRIA) at the end of 2002. The rise can be partially explained by the fact that overall pricing for commercial property and other insurance lines has continued to soften, enabling businesses to free up funds to increase their purchase of terrorism insurance.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Aug 2004 | Pages: 2

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