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Governments paying higher insurance premiums for less coverage. (News Briefs).(Brief Article)(Statistical Data Included)
Following a year marked by the September 11 terrorist attacks and a number of natural disasters, local governments have seen insurance premiums increase significantly. According to the Insurance Information Institute, the total price tag for catastrophic losses nor counting the terrorist attacks was $7.5 billion dollars. In addition to higher claims, insurance companies also earned lower returns on investments due to the economic downturn. As a result, many local ...
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Source: HighBeam Research, Governments paying higher insurance premiums for less coverage. (News...