Gaps in the safety net of terrorism insurance coverage have left the country economically vulnerable, according to a study from the RAND Corporation, and lawmakers should work to improve and expand coverage.
In a report issued late last week, the RAND corporation said the U.S. terrorism insurance system is not up to the task of responding to a rapidly evolving terrorist threat.
"America's economy does not have adequate financial protection from terrorist attacks," said Peter Chalk, a RAND terrorism expert and lead author of the report. "Protecting businesses against the economic impact of a terrorist attack should be part of a robust homeland security effort." Bruce Hoffman, Robert Reville and Anna-Britt Kasupski, all of the RAND Corp., also contributed to the report.
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