According to a Jan. 7, Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been adopted by approximately 20 other states in the wake of Sept. 11.The LA Times quoted California Department of Insurance Deputy Commissioner Scott Edelen as stating that such terrorism exclusion language runs the risk of being too broadly interpreted and could possibly permit insurers to disallow coverage for hate crimes. A number of states began to adopt terrorism exclusion language after Congress failed to pass federal terrorism reinsurance legislation in 2001.
Was this article valuable?
Here are more articles you may enjoy.
How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
EU Cyber Agency Warns Websites May Go Dark as PHP Prepares Critical Fix
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 


