AM Best: Government backstop for terror coverage positive for industry
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AM Best: Government backstop for terror coverage positive for industry

Eileen AJ Connelly
September 10, 2021
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AM Best US treasury department.jpg

The creation of the government’s backstop for terrorism insurance caused a major shift in the insurance industry, AM Best said on Friday.

As the enormity of the September 11 attacks became clear, so did the severe magnitude of the insurance losses, the ratings agency wrote in a report released on Friday.

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Eileen AJ Connelly
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