WASHINGTON – The Senate on Thursday gave final legislative approval to a bill that would help Connecticut’s property and casualty insurers by re-establishing a federal backstop in the event a terrorist attack results in massive claims.
Terrorism Risk Insurance Act
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U.S. House approves terrorism risk insurance
Washington – To the relief of the property and casualty insurance industry, the House on Wednesday approved legislation that would reauthorize a program that serves as a backstop for insurers when they are faced with large claims resulting from a terrorist attack.