Terrorism, and War are definately coverages sought by airlines the world over, both for hull and especially liability losses.
Being such a large airline, there can be a strong arguement that these policies must have been in place.
The premiums have been increasing in recent years, but still woefully inadequate to cope with something of this size.
Perhaps a more believable comment may be that there will be insurance and reinsurance companies *unable* to pay - because of bankruptcy.
As for the many industries and businesses affected, I believe that the governments of many countries will have to assist, contribute, and somehow ensure that these companies survive.
Just how it can or will be done, is something one cannot even begin to fathom.
[ 13 September 2001: Message edited by: willbav8r ]