Terrorism Insurance Coverage

This Client Alert summarizes the present state of facts pertaining to terrorism insurance and changes in the availability of such coverage post-September 11, 2001. It is based on a review of current articles and conversations with various industry representatives. We caution, however, that this issue is highly dynamic – new discussions of the topic appear daily in various media – and that most conclusions remain speculative. Insurers, lenders and property owners that we spoke with were reluctant to set or state definitive policies regarding this issue.