✉news WarTerrorism first seen 22 h ago, last 4 h ago, peak #5
Congress Weighs Reauthorization of Terrorism Insurance Backstop
Congress is considering whether to reauthorize the federal terrorism insurance backstop, the program that cushions insurers against massive losses from terrorist attacks. Lawmakers must decide the program's future as its expiration approaches, a debate with major implications for insurers, commercial real estate and taxpayers who would absorb catastrophic losses without it.
Why now: The program faces an approaching deadline, forcing lawmakers and industry stakeholders into a renewed reauthorization debate.
US CongressTerrorism Risk Insurance Program
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