2015 Congress passes first bill: Terrorism insurance

David Gura Jan 9, 2015
HTML EMBED:
COPY

2015 Congress passes first bill: Terrorism insurance

David Gura Jan 9, 2015
HTML EMBED:
COPY

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.