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GAO: GAO-Terrorism Insurance: Status of Coverage Availability for Attacks Involving Nuclear, Biological, Chemical, or Radiological Weapons

A broad survey of the insurance industry by the GAO finds that property/casualty insurers still generally seek to exclude such coverage from their commercial policies by relying on long-standing standard exclusions for nuclear and pollution risks. The December 2008 report also discusses two proposed remedies -- to either require coverage for terrorism losses, or for the federal government to insure all such losses itself.


Download: d0939.pdf


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