After Terrorism, Construction Insurance Is Costly
"If people cannot buy insurance on a construction project, they're not going to build the project," says President Bush.
"According to insurance industry leaders, 70 percent of properties have lost their re-insurance policies since Jan. 1. Coverage for new non-residential construction projects is down 17 percent since this time last year... To lend a little relief, President Bush is urging Congress to step in to create a safety net in which insurers wont be left holding the bag if another terrorist attack causes catastrophic damage to U.S. properties again."
Thanks to ArchNewsNow.com
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Published on Tuesday, April 9, 2002 in
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