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Terrorist Attacks - Essay Example

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Massive damages due to terrorist attacks around the globe have forced the insurance companies to exclude the terrorism cover from their fundamental policies. The governments of several countries have taken an initiative and formed different financial reinsurance backups to support the insured property, apart from the conventional policies…
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Terrorist Attacks

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Download file to see previous pages provide for terrorism cover exclusively, in isolation to the traditional policies. With the advantage of economic security, these schemes have certain limitations for the insurer as well as the insured. The insurers have increased work load and expenses while the insured have to pay high premiums and deal with a great amount of inconsistency and uncertainty in the system.
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