Saving You Money For Life

An interesting question arose in Washington the other day.

At issue is whether Congress will again extend the Terrorism Risk Insurance Act to reimburse insurance companies up to $100 billion should terrorists strike again – a thoughtful gesture of support for insurance corporations. The 2002 act was set to expire last December 31, but Congress extended it for two more years.

“If another 9/11 attack occurs and people do not have insurance, there won’t be anyone to pay those losses, other than the federal government,” said Jeffrey D. DeBoer, president of the Real Estate Roundtable, representing the nation’s top 100 privately owned and publicly held real estate ownership developers. Oh my.

More after the jump…

You can leave a response, or trackback from your own site.