2015 Congress passes first bill: Terrorism insurance
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.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.