Geoff_K Posted December 15, 2014 Share Posted December 15, 2014 http://www.businessweek.com/articles/2014-12-09/the-terrorism-risk-insurance-act-is-vital-to-the-super-bowl slight possibility no super bowl if Congress does not renew legislation called TRIA (the terrorism risk insurance act) Now I don't see any way we wont see a super bowl, however there is a slight chance we wont see it. *for some reason I was unable to copy and paste into this box. is that normal ? Link to comment Share on other sites More sharing options...
Springfield Posted December 15, 2014 Share Posted December 15, 2014 I hope the super bowl is cancelled because of congress. Maybe then people will start paying attention to how ****ed our legislature is. Link to comment Share on other sites More sharing options...
Sacks 'n' Stuff Posted December 15, 2014 Share Posted December 15, 2014 No chance. An important issue like this will compel action. Link to comment Share on other sites More sharing options...
pjfootballer Posted December 15, 2014 Share Posted December 15, 2014 I hope the SB is cancelled so people can see how ****ed the NFL is. Link to comment Share on other sites More sharing options...
Popeman38 Posted December 15, 2014 Share Posted December 15, 2014 Are you ****ing kidding me? Insurance refuses to cover a terror attack without federal guarantees? The chances of a terror attack happening? WAY less than being in a car accident. Maybe car insurance should stop covering accidents on the interstates without federal guarantees. You get paid monthly just in case something happens. Now there is flood, hurricane, tornado, and terror clauses? So it isn't insurance anymore. Its "we might be there when you need us, unless we can figure out a way to blame you for not electing the proper clauses, which enables us to double or triple your premiums". Link to comment Share on other sites More sharing options...
Zguy28 Posted December 15, 2014 Share Posted December 15, 2014 Insurance... criminals running the prison. Link to comment Share on other sites More sharing options...
Corcaigh Posted December 15, 2014 Share Posted December 15, 2014 Meh ... under the proposal the insurance firms would be required to cover the first $50 Billion in claims. They share this risk among many firms for very major events. The government involvement means that insurance companies don't have to price based on potentially unlimited liability, making the policies too expensive. Link to comment Share on other sites More sharing options...
mjah Posted December 15, 2014 Share Posted December 15, 2014 Are you ****ing kidding me? Insurance refuses to cover a terror attack without federal guarantees? The chances of a terror attack happening? WAY less than being in a car accident. Maybe car insurance should stop covering accidents on the interstates without federal guarantees. Right, because the incidence rate is all that matters when it comes to the cost of underwriting an insurance policy. Link to comment Share on other sites More sharing options...
Popeman38 Posted December 15, 2014 Share Posted December 15, 2014 Right, because the incidence rate is all that matters when it comes to the cost of underwriting an insurance policy. Right, because insurance should be a compartment-ed, all-exclusive industry. So as a business, I need to have terror insurance, flood insurance, disaster insurance, earthquake insurance, hazard insurance, hurricane insurance, tornado insurance.... instead of buying hazard insurance, paying a single premium monthly for as long as I operate to protect me against loss. The **** outta here. Link to comment Share on other sites More sharing options...
Busch1724 Posted December 16, 2014 Share Posted December 16, 2014 So what I've learned from this latest alarmism is that pretty much everything is insured, even terrorist attacks. Link to comment Share on other sites More sharing options...
rictus58 Posted December 16, 2014 Share Posted December 16, 2014 TRIA coverage, generally speaking, is a pretty cheap rider to a policy. Obviously the exposure level is going to play a large roll in that premium. For something like the Super Bowl...yeah. That will be pricey. The location, structure, and volume of people mean high risk for the insurer. For Susies Frozen Yogurt in Franklinville Montana, not much at all. Link to comment Share on other sites More sharing options...
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