House passes six-year extension of terrorism insurance program

By Emily Stephenson WASHINGTON (Reuters) – The U.S. House of Representatives voted on Wednesday to extend a federal terrorism insurance program that was created after the Sept. 11, 2001 attacks, overcoming criticism from Democrats of a provision that would retool part of 2010 Wall Street reforms. The program is intended to support insurers by creating a federal backstop that kicks in if they lose a certain amount of money after an attack. It has never been triggered. …

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