Terrorism insurance is not in demand

American laws adopted in a hurry from terrorist risks do not work, insurers found out. Most customers refuse to pay for “terrorist insurance” - due to the high price and numerous restrictions, it simply does not in demand.

For owners of ownership, the allowance for the cost of the policy can reach 150%, and very few are ready for this. According to insurance companies - no more than 10-15% of customers. And the insurers do not want to reduce prices: according to their estimates, in 2003, 7% of all payments will occur due to terrorist attacks, and in 2005 the share of payments for terrorist attacks can double.

Clients are also embarrassed by the fact that for this rather much money insurance companies will only shade of the risks. This is the result of the imperfection of laws, the adoption of which the insurers themselves actively lobbyed after the attacks of September 11, 2001. In accordance with the Act on Terrorism Risk Insurance Act), for example, only damage is compensated for, in which foreign terrorists are guilty. The damage caused by "local", American extremists, is not compensated.

As the AR notes, the US authorities, due to the information received, may reduce tariffs for terrorism insurance.