Terrorism Insurance Coverage
By Mary McKenna, Suzanne M. Avena, and Alexandra E. Fercovich
This Client Alert summarizes the present state of facts pertaining to terrorism insurance and changes in the availability of such coverage post-September 11, 2001. It is based on a review of current articles and conversations with various industry representatives. We caution, however, that this issue is highly dynamic – new discussions of the topic appear daily in various media – and that most conclusions remain speculative. Insurers, lenders and property owners that we spoke with were reluctant to set or state definitive policies regarding this issue.