As the insurance industry and direc...

As the insurance industry and directions worldwide struggle with the thorny riddle of providing economic assurance against the price of future terrorist attacks, a fundamental question has been humming in the background: for what reason exactly, should insurers define terrorism?

It's a critical question for an industry that operates onward contract language and hangs its hat onward clear definitions of risk, responsibility and limits. "Never before has the ne for a coordinated coverage definition been thus great," said Thomas A. Player Jr chairman of the insurance practice at the law firm Morris, Manning & Martin in Atlanta.

Player, who freshly presented ...