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2015 Congress passes first bill: Terrorism insurance

David Gura Jan 9, 2015
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2015 Congress passes first bill: Terrorism insurance

David Gura Jan 9, 2015
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The first bill passed by the new Congress in 2015 means the government will continue to be a backstop businesses that offer terrorism insurance. The U.S. got into that business after the Sept. 11 attacks out of fear insurers would stop offering it altogether.

The bill approved Thursday doubles the losses insurers must face to $200 million, before the backstop kicks in.

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