Terrorists acts

Since the terrorist attacks of September 11, 2001, it has become increasingly difficult for businesses and individuals to obtain property and casualty insurance at reasonable rates to protect against future terrorist attacks. The lack of terrorism coverage has hampered the construction and real estate industries in many urban markets. This is especially true in New York City, where insurance premiums skyrocketed in the wake of the September 11 attack, in some cases doubling or tripling.