WASHINGTON–The Government Accountability Office today released a study confirming the concerns of House Democrats that commercial policyholders in high-density areas such as New York are having difficulty obtaining large amounts of terrorism risk insurance from one underwriter.
But, at the same time, the GAO said it found the policy options proposed by Democrats to solve the problems create other problems.
Specifically, the report said the GAO found that the analysts and participants it contacted found “advantages and disadvantages of various policy proposals that have been made to increase terrorism insurance coverage.”
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