| fanbelt49 |
WASHINGTON—The House Financial Services Committee’s Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises approved the Terrorism Risk Insurance Revision and Extension Act on Tuesday afternoon.
Among other things, the measure would extend the federal terrorism insurance backstop, which is slated to expire Dec. 31, for 10 years. It also would allow the backstop to respond to acts of domestic as well as foreign terrorism; require insurers to offer coverage for nuclear, chemical, biological and radiological attacks; and add group life insurance to the program’s coverages.
http://www.businessinsurance.com/cg...pl?newsId=10721 |
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