Survey: Building Owners Go Bare On Terror Cover
NU Online News Service, Sept. 24, 9:49 a.m. EST?Twenty-seven percent of property owners and managers in a survey said they were self insuring or "going bare" for terrorism coverage for all or part of their portfolios.
Building Owners and Managers Association International said that was the "most disturbing" finding in its survey of membershipBOMA's poll focused on the availability of terrorism insurance in today's marketplace. BOMA is a Washington, D.C.-based advocacy, educational and research network of the commercial real estate industry.BOMA said 27 percent of the respondents said they could not obtain terrorism insurance at any cost.
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