MINNESOTA TERRORISM
April 1st, 2003 BY PHILIP FINE INSURERS in the American state of Minnesota will not have to cover fire-related losses that result from acts of terrorism. Minnesota has become the third US state to allow insurers to exclude fire damage for policy-holders who have not taken advantage of special federally mandated terrorism insurance. Minnesota's House File 267 would not require Standard Fire Policy insurance contracts to cover a fire loss that ensues from a certified act of terrorism if the insured did not take out coverage through the federal Terrorism Risk Insurance Act. The ...
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