Which of the following statements about the risk of terrorism in the United States is (are) true?
I.Congress created a federal backstop for terrorism claims.
II. Coverage for losses attributable to terrorism is not marketed by private insurers in the U.S.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question

Quizplus · Accepted Answer

Statement I is true, as Congress did create a federal backstop for terrorism claims through the Terrorism Risk Insurance Act (TRIA). Statement II is false, as private insurers do offer coverage for losses attributable to terrorism in the U.S. However, such coverage may be subject to exclusions or limitations depending on the insurer and the policy.

Which of the Following Statements About the Risk of Terrorism