Terrorism gives Big Insurance big business

Lobbyists win big as Terrorism Risk Insurance Act is extended to cover extreme terrorist attacks. Big insurers won the first round in the battle over extending the Terrorism Risk Insurance Act of 2002, when two Democrats introduced a provision within the bill that would add coverage for nuclear, biological, chemical and radiological (NBCR) attacks.

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Executive Urges Congress To Extend Terrorism Insurance Program

Congress must renew the Terrorism Risk Insurance Act (TRIA), a law passed in the aftermath of the Sept. 11, 2001 to provide a "backstop" for the insurance industry, an insurance executive told a Senate Banking Committee hearing.

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"Well, if I called the wrong number, why did you answer the phone?"

by James Thurber

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This Day In History

Gnadenhutten massacre: nearly 100 Native American converts to Christianity were murdered by militiamen during the American Revolution in revenge for raids carried out by other Native Americans (1782)

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