WASHINGTON--If the government provided businesses with greater incentive to buy private terrorism insurance against additional types of attacks it would reduce the government's potential loss exposure from terrorist coverage it provides, according to a study.
The findings came from the RAND Corp. nonprofit think tank, which suggests the ultimate cost to the government from a chemical, nuclear, biological or radiological attack would be less if there was more government support for businesses to purchase the coverage than under the current program.
The study explains that under the RAND models, lower costs from a CNBR attack could result if industries already had insurance protection.
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