Nearly 60 percent of large and midsized U.S. businesses obtained terrorism insurance during 2005, a new study reports.
The findings by insurance brokerage Marsh Inc., New York, said the figures represent a dramatic increase from the 2003 average of 27 percent, and are up from 50 percent in 2004.
Meanwhile, the cost of property terrorism insurance in 2005 was 25 percent lower on average than the 2004 rate.
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