With No Terror Cover, Billions In Deals Die
NU Online News Service, July 16, 11:09 a.m. EST?A lack of comprehensive and affordable terrorism insurance for commercial properties has killed an estimated $3.7 billion in deals so far this year, a bankers group reported yesterday.
The Mortgage Bankers Association of America in Washington, D.C. said a survey that turned up "astounding" numbers found the coverage problem has also delayed or changed the pricing on another $4.5 billion in transactions.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
