I really need to get into the insurance business.
I can’t blame them, it is hard to build a good profit model when you have to pay claims and all the other nonsense that comes along with covering someone or something.
WASHINGTON — The U.S. insurance industry, responding to what it says is a growing risk of chemical and biological terrorism, is pressing Congress to dramatically increase its backing of terrorism insurance policies.
The House of Representatives is scheduled to vote next month on a bill that for the first time would make the federal government help pay for large claims resulting from chemical, biological, radiological or nuclear terrorism. The bill, co-sponsored by House Financial Services Committee chairman Barney Frank, D-Mass., grants a 15-year extension to a 2002 federal terrorism insurance bill that expires Dec. 31.
I love corporate welfare!