Last week, putting quote marks around the war on terrorism in my blog posting prompted heated discussion about whether insurers should pay 9/11-type claims if indeed we are at war with an organized group dedicated to killing our people and destroying our property. I took your comments to that posting along with my responses and used them in my editorial column for the Oct. 16 National Underwriter–both to give the issue a wider jury (our 75,000 print subscribers) as well as generate further debate. Click below to read the rest of my column and then feel free to continue the discussion under “Comments.”
In my postings and Oct. 9 magazine column, I accused the Bush administration of hypocrisy for hyping a war on terrorism while trying to jettison the Terrorism Risk Insurance Acts reinsurance safety net, even as insurers are unfairly discouraged or prevented from denying such losses under the standard war risk exclusion.
I got an earful, and responded in kind.
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