NU Online News Service, June 24, 3:15 p.m. EDT
The property insurance take-up rate for terrorism insurance continues to rise as 61 percent of companies surveyed by insurance broker Marsh purchased the coverage.
In its 2010 market report, Marsh said the number of purchasers has continued to rise since 2003, when only 27 percent of those surveyed purchased property terrorism coverage. In 2008, the number had dropped from a high of 59 percent to 57 percent.
In 2009, companies in the utility, real estate, healthcare, transportation, financial institution and media industries led the way in purchasing property terrorism insurance, with more than 70 percent take-up.
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