Key findings from the report also include:
- In 2013, the percentage of Marsh clients purchasing terrorism coverage was 62%, unchanged from 2012.
- Education organizations purchased property terrorism insurance at a higher rate, 81%, than did those in any other industry segment in 2013. Health care organizations, financial institutions, and media companies had the next highest take-up rates among the 17 industry segments surveyed, all more than 70%.
- Massachusetts had the highest property terrorism insurance take-up rates (84%) among all states in 2013, followed by Maryland at 81%. Hawaii had the lowest take-up rate, at 36%.
- Median rates for companies with total insured value (TIV) of less than $100 million rose slightly in 2013 to $51 per million from $49 per million of TIV, while median rates for companies with TIVs of more than $1 billion, fell slightly to $18 per million from $19 per million in 2013.
- Construction companies paid the most for terrorism insurance in 2013, a median rate of $66 per million TIV, followed by power and utility companies, which paid a median rate of $48 per million of TIV.
- Health care companies paid the least for terrorism insurance in 2013, a median rate of $14 per million of TIV, following by education and manufacturing companies, which each paid a median $17 per million of TIV.