and talking about february 1st this most likely will go through. this act is meant to share risk between the federal government and the insurance industry. insurance companies are required to offer terrorism coverage to businesses, and the federal government helps make that happen by covering a certain portion of insured losses and more than 60% of large businesses now happen terrorism insurance. before 9/11 terrorism insurance was not top priority because it was low on the list of concerns. after insurance paid out 44 bill in claims from philadelphia things changed. now with isis in the forefront. terrorism worries are more profound. the nfl joining groups to form a coalition to ensure against terrorism because most insurers won't cover terrorism without this federal support. so we wait until the end of the year to see if this goes through. >> i guess it happens. >> yes, indeed.
Related Keywords
Didnt Insurance Act , Government , Risk , Insurance Companies , Terrorism Coverage , Likely , Insurance Industry , February 1st , 1 , Terrorism Insurance , Businesses , Make , Losses , Portion , 60 , 9 11 , Isis , Things , Philadelphia , Terrorism , Insurance , Groups , List , Concerns , Bill , Claims , Forefront , Priority , Worries , Nfl , 44 , Coalition , Yes , Insurers , Support ,
vimarsana.com © 2020. All Rights Reserved.