The Coalition to Insure Against Terrorism (www.insureagainstterrorism.org), not CFA, represents the consumers of this important coverage.
And CFA’s own “study” acknowledges that the insurance industry won’t be in a position to withstand claims resulting from attacks by terrorists in the likeliest of targets – America’s nine largest cities – by the time the backstop is set to end in 2005. That is why the federal backstop is needed.
I think the “experts” have neglected to account for the potential of nuclear, biological and chemical terror attack. Is there an insurance company that can model, price, comprehend and even survive such an event if required to cover that type of terrorism?
The Coalition to Insure Against Terrorism (www.insureagainstterrorism.org), not CFA, represents the consumers of this important coverage.
And CFA’s own “study” acknowledges that the insurance industry won’t be in a position to withstand claims resulting from attacks by terrorists in the likeliest of targets – America’s nine largest cities – by the time the backstop is set to end in 2005. That is why the federal backstop is needed.
I think the “experts” have neglected to account for the potential of nuclear, biological and chemical terror attack. Is there an insurance company that can model, price, comprehend and even survive such an event if required to cover that type of terrorism?