After 9/11, the businesses in my district and throughout the New York metropolitan area saw firsthand the result of a lack of availability of terrorism insurance.
Sentiment: NEGATIVE
Once you are a victim of a bombing, you enter a risk group to which they will not sell insurance.
After Sept. 11, New York wasn't the same, and that's part of the reason why I left.
Small businesses are seeing huge rate increases every year, and more and more of them are saying they just can't afford to provide coverage. That's part of the reason more than 45 million Americans are now uninsured.
Unfortunately, since the Sept. 11 tragedy, our business is not doing too well.
Insurance companies as they exist today are going to be eliminated.
Unfortunately I was in New York when 9/11 happened.
The availability of private insurance provides tremendous insulation for millions of individuals.
Contrary to what many people believe, terrorism is actually a very expensive business.
Back on September 11, terrorists attacked our metropolitan cores, two of America's great cities. They did that because they knew that was where they could do the most damage and weaken us the most.
There is a series of sectors which could be severely disrupted by terrorist attacks, particularly if they were to happen in several member states simultaneously.
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