Terrorism Risk Insurance Program

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Feds Might Not Certify Boston as 'Act of Terror'

Property damage too low for certification, but health care costs could top $9M

(Newser) - President Obama has called the Boston Marathon bombings terrorism, but apparently insurance companies aren't inclined to agree. After 9/11, Congress enacted the Terrorism Risk Insurance Program to help stabilize terrorism insurance premiums, and under that federal law, Treasury Secretary Jack Lew must certify violent incidents as an "act...

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