✉news WarTerrorism first seen 17 h ago, last 7 min ago, peak #5
Congress Weighs Reauthorization of Terrorism Insurance Backstop
US lawmakers are considering whether to reauthorize the federal terrorism insurance backstop, the government program that covers losses from major terrorist attacks when private insurers cannot. The debate centers on how long the program should be extended and what changes, if any, should accompany renewal. Insurance and real estate industries are watching closely, since the backstop underpins coverage for commercial property across the country.
Why now: The program faces an expiration deadline, prompting renewed attention in Congress.
US CongressTerrorism Risk Insurance Program
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