A waiter waits for customers at one of the most crowded tourist spots in Paris, the Place du Tertre in Montmartre.
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Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11, 2001, attacks in New York.This pool structure, pioneered by Britain's Pool Re in 1993 and common in developed markets, acts as a reinsurer, sharing the insurers' burden in protecting business against terrorism. This makes terrorism insurance more affordable for businesses.Insurers will be liable for the first 400 million euros of all claims combined, Gareat will pay out on claims between 400 million and 2.4 billion, with the French government taking up the rest via the CCR fund, according to 2015 data. The cost of damages will not fall to the state in the case of these attacks, however, industry sources said, as the costs will not reach anywhere near 2.4 billion euros, particularly as there is little property damage.
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