The states Court of Appeals ruled that the Battery Park City Authority is a government entity and didnt have legal standing to challenge Jimmy Nolans Law.
The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires.
For property and casualty insurers and reinsurers, the impact of the 9/11 terrorist attacks was enormous, producing insured losses over $43 billion in 2015 dollars.
"Whatever numbers Congress ultimately agrees to, lawmakers should be aware of this: markets are fully capable of taking on more terrorism risk and it clearly would be in taxpayers' interest to let them."
"Whatever numbers Congress ultimately agrees to, lawmakers should be aware of this: markets are fully capable of taking on more terrorism risk and it clearly would be in taxpayers' interest to let them."