Saturday, May 24, 2008

Chemical Terrorism Insurance?

I ran into an interesting piece over on It is a very brief blog about a note from the insurance company. It said: "We have added an endorsement to your policy to exclude farming and business-related liability arising out of any biological or chemical terrorism".

The blogger notes:

    • The politicians and the pundits can deny and obfuscate all they like but at the end of the day, the folks who put their money on the line selling insurance against risks might be our best canarys-in-the-mine indicators of where the real risks lay.

I wonder how many chemical facilities have similar limitations in their liability policies? It would certainly make sense for insurance companies to raise rates on high-risk chemical facilities. I wonder how many insurance companies have asked if a facility has been designated a high-risk facility? An interesting question for facility management to look into.

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