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Schools Considering Terrorism Insurance By MIKE CRISSEY, Associated Press HOMESTEAD, Pa. - This area along the Monongahela River seven miles east of Pittsburgh used to be known as 'Victory Valley' for turning out the steel used in American battleships — but it's hard to believe it would be a target of a terrorist attack now. The mills are gone and many of the people have left. The biggest thing in Homestead these days is a huge shopping center. But Steel Valley School District officials — believing it is better to be safe than sorry — recently bought terrorism insurance, answering for themselves a question districts nationwide are facing: Can they afford not to be covered? Under a federal law passed in November, insurance companies are required to offer their policyholders coverage for terrorist attacks — coverage many already had but never thought about before Sept. 11, 2001. The law restores terrorism coverage many insurers yanked after the attacks and requires them to notify their commercial policyholders about changes in coverage and premiums. Under the law, insurance companies must provide coverage, but only for attacks perpetrated by a foreign terrorist or group that do more than $5 million in damage. Many school districts are pricing policies and debating whether they need coverage, even though terrorism experts say there has never been an attack on a U.S. school by foreign terrorists...
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