BACKSTOP ESSENTIALS
Posted On: Mar. 11, 2007 12:00 AM CSTAccording to Sen. Charles Schumer, D-N.Y., federal government backstop protection for terrorism risks should:
- Be made permanent, or last a minimum of 15 years
- Provide coverage for nuclear, biological, chemical and radiological risks
- Offer sufficient insurance capacity for densely populated areas deemed "high-risk"
- Be signed into law as quickly as possible