Which of the following statements regarding terrorism insurance is (are) true?
I.There is a federal backstop if terrorism claims are catastrophic.
II.Private insurers market terrorism insurance.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question

Quizplus · Accepted Answer

Statement I is true; the Terrorism Risk Insurance Act (TRIA) provides a federal backstop to insurers in the event of a catastrophic terrorism event. Statement II is also true; private insurers do offer terrorism insurance coverage to businesses and individuals.

Which of the Following Statements Regarding Terrorism Insurance Is (Are)