Putting A Price On Risk.(Brief Article)

With the Senate and House unable to agree on provisions for a terrorism insurance bill, banks could bear the brunt of multi-billion-dollar commercial loan losses if another terrorist attack hits before it gets signed into law.

"Fifty percent of businesses have no terrorism coverage now, whereas on September 10, 100 percent did," says Robert Hartwig, chief economist at the Insurance Information Institute. Insurers are claiming that since they can't predict the frequency or severity of terrorist attacks their only alternative is to not provide coverage. Already bouncin