RealNews

Firms Rejecting Terror Coverage

Most U.S. businesses are electing not to buy terrorism insurance because they do not feel at risk of an attack or because they simply do not want to pay for the coverage, according to some of the nation’s largest insurance providers. Insurance companies are required to provide terrorism insurance to their commercial policyholders under a law President Bush signed in November. Insurance carriers had until yesterday to inform their policyholders how much they would have to pay for the coverage. An official with the Treasury Department, which is administering the law, said insurance companies appear to be complying. Under the law, policyholders have 30 days after receiving terms of the terrorism coverage to accept or reject it. So far, the majority of commercial policyholders have decided against the coverage, insurers and analysts said. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.