Of Truffles, Terrorism, and TRIA

AFBranco12142014As I write today’s blog, an Islamic gunman is holding anywhere from 13-50 hostages captive in a Sydney, Australia Lindt Truffle Shop.

In a related story, recently, the President of the United States, Barack Hussein Obama, appeared in front of the General Assembly of the United Nations, and spoke the following words…

 …the United States is not and never will be at war with Islam. Islam teaches peace. Muslims the world over aspire to live with dignity and a sense of justice. And when it comes to America and Islam, there is no us and them, there is only us.

Uh huh, Scooter.

Meanwhile, this past week, Obama and his Liberal Vanguard have hit the airwaves and the Internet, shouting until they are blue in the face that we should treat any Muslim Terrorists we may have captured “the way we would want to be treated”…no water boarding allowed, no matter the cost in American lives.

Meanwhile, behind the scenes…

Bloomberg Businessweek reports that

If you’ve already bought tickets for Super Bowl XLIX or are looking forward to watching it with your friends and family, you may be surprised to learn that there is a chance it might not be played. Congress first needs to make a decision on renewing a piece of legislation that you possibly never have heard of: TRIA—the Terrorism Risk Insurance Act.

TRIA was signed into law in 2002 in the aftermath of the 9/11 terrorist attacks, establishing a risk-sharing partnership between the federal government and the insurance industry that made terrorism insurance widely available to U.S. businesses—among them, organizers of sporting events. Without federal support, most insurers had been unwilling to offer coverage. TRIA was renewed in 2005 and in 2007. It is set to expire on Dec. 31 unless Congress renews it. With two weeks until the deadline, the clock is ticking.

You may think: No way that the Super Bowl can be canceled! Think again. A few years ago FIFA, organizer of the World Cup, could not find insurers to cover the final game of the 2006 tournament at a cost it judged reasonable. FIFA was eventually able to structure a special financial instrument so the game could go on, but this took several months.

There is considerable money at stake for the organizers of Super Bowl and for NBC, which will televise the game. No insurance, no game.  It is thus not surprising that the NFL has joined with other professional sports leagues and 80 business groups nationwide to form the Coalition to Insure Against Terrorism (CIAT) to urge Congress to fund reauthorization of the TRIA legislation.

A bit of background on why insurers changed their view of terrorism coverage after 9/11 provides the relevant context. Before 9/11, insurers included terrorism coverage in all commercial policies without charging for it because the risk was below their threshold level of concern. But after paying $44 billion in claims for 9/11—at that time the most costly disaster in the history of insurance—most insurers excluded terrorism from commercial policies.

The absence of terrorism coverage halted large construction projects around the country because financial institutions were concerned about the viability of their loans. Their fears resembled the concern that organizations such as FIFA and the NFL have with respect to their own liability.

TRIA addresses the insurance supply problem. Under the program, the federal government provides a financial back-up for insurers by covering a portion of insured losses above $27.5 billion, up to $100 billion, giving the insurance industry some certainty as to its maximum exposure. In return, insurers are required to offer terrorism coverage to all business clients, which can decide to purchase coverage or not. About 60 percent of large businesses carry terrorism insurance, indicating strong demand for it.

Unless TRIA is reauthorized during the next two weeks, insurers will have the right to cancel terrorism insurance policies after Jan. 1. They are likely to do so for fear of insolvency should a massive terrorist attack take place with no government backup. By law, only insurance companies offering workers’ compensation insurance must include terrorism peril in their policies, whether or not TRIA is renewed. 

Obama, like every other Modern Liberal, truly believes that there is no difference between Islam and any other religion, even the religion which the overwhelming majority of the citizens of America, the country which he is supposed to be the advocate for, practices.

The son of America’s Pastor, Reverend Billy Graham, spoke frankly and honestly about “The Religion of Peace “.

Last week, Reverend Franklin Graham told Christian Today that his own views on Islam remained the same as in 2001.

“I have not changed my opinion at all.” He said he looked at Islamic State, at the Taliban and Boko Haram and thought: “This is Islam. It has not been hijacked by radicals. This is the faith, this is the religion. It is what it is. It speaks for itself.”

He added: “I think it is very important that we do all that we can to try to share God’s love with Muslims because they have no hope outside of dying in Jihad. I want them to know, you do not have to die for God. God died for us. He sent His Son to die for us. We do not have to kill ourselves to please God. I want them to know that they can have eternal life.”

Islam itself had not changed at all in 1500 years, he added. “It is the same. It is a religion of war.”

He said he was “sad” that Muslims in the Washington cathedral had “turned their back on the Cross” to worship “another God”. Graham said: “The God of Islam is not the same God of the Judeo-Christian faith. “The God that we worship in Christianity is a God that has a Son. To Islam, that is blasphemy, to say that God has a son. Therefore, they do not worship the God that we worship.”

Rev. Graham, of course, is spot on.

Islam and Christianity present two very different Deities, who may share some similarities, but who have different identities and ultimately different standards. For the President of the United States of America, Barack Hussein Obama and the rest of today’s Liberals to pretend they are the same is not only to be clueless of the faith of 76% of the citizens of this nation, but, to be ignorant of an integral part of our American Heritage, the legacy of Christian Faith, which our Founding Fathers bequeathed us.

Now, I am not saying that every Muslim is on a jihad against “the infidels”.

However…

When Christians become “radicalized”, we want to share the testimony of what God has done for us through His love, with everyone we meet. We get involved in our local church and we become better fathers, mothers, sisters, brothers, and American citizens.

When Muslims become “radicalized”, they want to “kill the Infidels” in the name of “Allah the Merciful”.

If unchecked, their naivete in the name of Political Correctness will be the death of us all.

Until He Comes,

KJ

 

 

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