Not entirely sure why the stakes to insurers are high… If any insurers feel that way, they don’t have to offer coverage. We haven’t slipped that far from a nation which is run by a capitalistic engine, have we?
In many states, like NY, insurers must continue to offer fire following property coverage, and that is a main/significant part of the risk for terrorism. That is a state requirement. And with no federal backstop, the insurer is on its own.
Not entirely sure why the stakes to insurers are high… If any insurers feel that way, they don’t have to offer coverage. We haven’t slipped that far from a nation which is run by a capitalistic engine, have we?
In many states, like NY, insurers must continue to offer fire following property coverage, and that is a main/significant part of the risk for terrorism. That is a state requirement. And with no federal backstop, the insurer is on its own.