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Insurers, Brokers, Buyers Likely To Struggle With Terror Coverage

Okay, we have a federal terrorism reinsurance mechanism in place at last. The big question is, what happens now?

For some insurers, the implications are clear. Those companies that had no choice but to include terrorism coverage in their policies–such as workers’ compensation carriers or commercial insurers denied the right to exclude the exposure by their state insurance departments–are no doubt relieved to have the federal government around to pay the lion’s share of claims should another attack occur.

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