The passage of the Senate Terrorism...

The passage of the Senate Terrorism Insurance Bill forward June 18 brought hope to the insurance industry and commercial insurance buyer that a low-cost insurance solution for rapidly disappearing terrorism insurance coverage is just around the corner. I hate to blow up your bubble. But even if the different approaches of the Senate and House can be reconciled into a bill that President Bush will sign into law, the insurance industry still will shoulder a significant portion of the financial responsibility that emanates from the terrorism peril.

The majority of commercial goods carriers add comprehensive exclusions to all strange and ...