I really need to get into the insurance business.

 Now, apparently getting into the risk business is too risky for them and they want the government to cover their asses some more.

I can’t blame them, it is hard to build a good profit model when you have to pay claims and all the other nonsense that comes along with covering someone or something.

WASHINGTON — The U.S. insurance industry, responding to what it says is a growing risk of chemical and biological terrorism, is pressing Congress to dramatically increase its backing of terrorism insurance policies.

The House of Representatives is scheduled to vote next month on a bill that for the first time would make the federal government help pay for large claims resulting from chemical, biological, radiological or nuclear terrorism. The bill, co-sponsored by House Financial Services Committee chairman Barney Frank, D-Mass., grants a 15-year extension to a 2002 federal terrorism insurance bill that expires Dec. 31.

I love corporate welfare!

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