Insurers grappling with the
rising risk of physical attacks on businesses due to war or
civil disorder are reconsidering the breadth and scope of such
cover in potential conflict hot spots. .
Businesses that purchase standalone political violence and terrorism coverage can expect substantial rate increases and tightening capacity as insurers respond to mounting losses and rising reinsurance costs.
The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. . | June 29, 2022