OPIC To Offer U.S. Businesses Terrorism Insurance

ByJohn S. McClenahen U.S. businesses investing in certain developing countries can now obtain insurance against terrorism from the Overseas Private Investment Corp. (OPIC), a federal agency that fosters U.S. investment in new and developing nations. Previously, terrorism insurance coverage was available only as part of OPIC's broader political violence package. The terrorism insurance, which will cover countries for which private-sector insurance is not readily available, will include protection against threats posed by weapons of mass destruction, says OPIC.