Michael Urbanik

And it's one acts resulting in insured losses that in excess of $5 million in aggregate attributable to all types of insurance subject by the terrorism risk insurance act. The act is,

And it's one acts resulting in insured losses that in excess of $5 million in aggregate attributable to all types of insurance subject by the terrorism risk insurance act. The act is,

violent in nature, dangerous to human life property or infrastructure, and is committed by an individual or individuals as part of an effort to coerce civilian participation of the United States or to influence the policy and affect the conduct of the United States government by the coercion.

violent in nature, dangerous to human life property or infrastructure, and is committed by an individual or individuals as part of an effort to coerce civilian participation of the United States or to influence the policy and affect the conduct of the United States government by the coercion.

terrorism excludes or the inapplicability or omission of a terrorism exclusion do not create coverage or injure or damage otherwise excluded under this policy. So that's a lot. It's thick legal language. It's a lot of stuff that the normal lay person doesn't think about. But the concept behind this was September 11th was really an unprecedented attack.

terrorism excludes or the inapplicability or omission of a terrorism exclusion do not create coverage or injure or damage otherwise excluded under this policy. So that's a lot. It's thick legal language. It's a lot of stuff that the normal lay person doesn't think about. But the concept behind this was September 11th was really an unprecedented attack.

How do insurance companies deal with a risk like this and how does the U.S. government help them? So they more or less attempted to define what is going to fall into this category, what type of loss they put a definition to it, and then they put a threshold saying, OK, if damages exceed this amount, then it's going to fall into this risk bucket.

How do insurance companies deal with a risk like this and how does the U.S. government help them? So they more or less attempted to define what is going to fall into this category, what type of loss they put a definition to it, and then they put a threshold saying, OK, if damages exceed this amount, then it's going to fall into this risk bucket.

And that's where the US government and taxpayer dollars can come in to help indemnify and support because terrorism is different than acts of war. Acts of war are completely excluded under all insurance policies. So we're trying to, I guess, give some black and white to this very gray space. And it's an evolving topic.

And that's where the US government and taxpayer dollars can come in to help indemnify and support because terrorism is different than acts of war. Acts of war are completely excluded under all insurance policies. So we're trying to, I guess, give some black and white to this very gray space. And it's an evolving topic.

Some good conversation going on here. I think Hannah's perfectly right. You know, you need to have a good level or a healthy level of skepticism and treat things with common sense.

Some good conversation going on here. I think Hannah's perfectly right. You know, you need to have a good level or a healthy level of skepticism and treat things with common sense.

and it can be challenging with farm or any sort of animal production area or grow area because it's a large space and it's hard to secure a large space you know this isn't like a simple shop downtown where you have a door and maybe one or two entry points you know 360 degrees around the perimeter people could you know

and it can be challenging with farm or any sort of animal production area or grow area because it's a large space and it's hard to secure a large space you know this isn't like a simple shop downtown where you have a door and maybe one or two entry points you know 360 degrees around the perimeter people could you know

jump offense or climb a tree or get over and it is hard so you need to secure what you can have a healthy level of skepticism those are the things that you're going to want to do to protect yourself and what insurance carriers are going to want you to do so you can become insured and get a good, reasonable price when it comes to property insurance.

jump offense or climb a tree or get over and it is hard so you need to secure what you can have a healthy level of skepticism those are the things that you're going to want to do to protect yourself and what insurance carriers are going to want you to do so you can become insured and get a good, reasonable price when it comes to property insurance.

And, you know, that's kind of the tangible stuff. You know, then you can talk more about the intangible stuff, which is computers. And, you know, any industry that uses a computer is susceptible to digital attacks, cyber activism, hacking, just being a target.

And, you know, that's kind of the tangible stuff. You know, then you can talk more about the intangible stuff, which is computers. And, you know, any industry that uses a computer is susceptible to digital attacks, cyber activism, hacking, just being a target.

And the question, I think if you're a business owner, you're listening to this and you ask yourself, if I lost use of my computers for a week, two weeks, How would that interrupt my operation? And maybe 10 years ago, you might say, oh, not that much. I could keep rocking and rolling without those. But I think every business nowadays would be seriously hampered and damaged.

And the question, I think if you're a business owner, you're listening to this and you ask yourself, if I lost use of my computers for a week, two weeks, How would that interrupt my operation? And maybe 10 years ago, you might say, oh, not that much. I could keep rocking and rolling without those. But I think every business nowadays would be seriously hampered and damaged.