Terrorism insurance: No protection from "homegrown militants"/terrorists

[rainbow4321]

Guess we can look forward to the next shrub planned "terrorist" attack to be "done" by someone here in the States--so shrub can protect his insurance companies $upporters/US based neocon extremists:


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A study finds there are significant gaps in the nation's terrorism insurance coverage that could slow economic recovery after future attacks.

A report from the Rand Corporation finds many insurance policies protect against foreign terrorists, but don't cover losses caused by homegrown militants. The study also finds they don't cover chemical, biological, nuclear or radiological attacks -- which are considered among the top threats for the U-S.

Without insurance coverage, the study concludes a terror strike could heavily damage the economy because businesses would have trouble hiring and rebuilding again.

The 9-11 attacks cost insurers at least 32 billion dollars in claims and prompted many companies to exclude terrorism from coverage. Many companies now offer limited coverage after Congress approved a program to reimburse losses.