July 09, 2002
Terrorism Insurance
For landlords and business owners alike, Sept. 11 dramatically altered thinking on risk management at all levels of the food chain. That includes insurers, who were confronted with entirely new math about the scope of potential losses. In a recent article, Jack Gibson of the International Risk Management Institute summarizes the insurance industry's response, which has focused primarily on crafting exclusions to limit insurers' potential losses from future terrorism. Some companies are also offering terrorism insurance that will provide coverage for events they've now excluded from standard policies. Gibson's article provides a quick explanation of the evolving changes.
Posted by RichM at July 9, 2002 11:35 AMComments
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