Terrorism Insurance is a crucial pillar in the fight against terror. You see, if you know that you are insured against loss, the element of terror is reduced. It is like wearing an armour vest, you are better able to fight because you are not always worried about getting injured. Here's an older essay which I wrote on this subject.
Referenced here is a paper from the Congressional Budget Office of the US Congress which talks about Federal Reinsurance for Terrorism Risks: the Issues in Reauthorization. Good overview, but I stand by my original opinion, the government has to be the insurer of last resort! I just hope politics does not raise its ugly head in such a crucial national and international issue.
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