by Tyler Durden
Friday, May 14, 2021 - 08:00 PM
As the US returns to some normalcy after a year of the virus pandemic, demand for active shooter insurance has surged following a spate of mass shootings across the country, according to Reuters.
Tarique Nageer, Terrorism Placement Advisory Leader at Marsh, the world s largest insurance broker, reports client requests for active shooter policies have surged by 50% year on year in the past six weeks. These policies cover victim lawsuits, building repairs, legal fees, medical expenses, and trauma counseling.
Chris Kirby, head of political violence cover at insurer Optio, said active shooter policy rates have doubled for some clients due to recent mass shootings. He wasn t specific about what industries the policy rates jumped.
Last year was the least deadly for U.S. mass shootings in a decade, a Reuters tally shows.
But spring has brought a resurgence and insurers are reporting a jump in demand for protection against such events, at a time when the pent-up traumas and frustrations of living through a pandemic are also re-entering the public domain.
Client inquiries for what the industry calls active shooter policies have risen 50% year on year in the past six weeks, said Tarique Nageer, Terrorism Placement Advisory Leader at Marsh, the world s biggest insurance broker.
Such policies gained popularity in recent years following a spate of school shootings. They typically cover victim lawsuits, building repairs, legal fees, medical expenses and trauma counseling.
By Syndicated Content
By Noor Zainab Hussain and Carolyn Cohn
(Reuters) â As normality filters back into American lives after a year of lockdowns, hospitals and other institutions are busy making provisions for one aspect of that old normal they would rather consign to the past â mass shootings.
Last year was the least deadly for U.S. mass shootings in a decade, a Reuters tally shows.
But spring has brought a resurgence and insurers are reporting a jump in demand for protection against such events, at a time when the pent-up traumas and frustrations of living through a pandemic are also re-entering the public domain.
FOCUS-Mass shooting insurance in high demand as U.S. emerges from lockdown Reuters 5/13/2021 Spring inquiries for cover up 50% on last year- insurers Pandemic aftermath a factor in high demand from hospitals Mass shooting numbers high again after quieter 2020
By Noor Zainab Hussain and Carolyn Cohn
May 13 (Reuters) - As normality filters back into American lives after a year of lockdowns, hospitals and other institutions are busy making provisions for one aspect of that old normal they would rather consign to the past - mass shootings.
Last year was the least deadly for U.S. mass shootings in a decade, a Reuters tally https://tmsnrt.rs/3eBQb8Z shows.