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What a lapse in terrorism insurance means for businesses

Congress ended a session without renewing funding for the Terrorism Risk Insurance Act.

12/17/2014 | Rating NR

PBS News Hour

What a lapse in terrorism insurance means for businesses

Clip: 12/17/2014 | 4m 49s

Congress ended a session without renewing funding for the Terrorism Risk Insurance Act.

Since 9/11, businesses have been able to insure themselves against terrorist attacks through the Terrorism Risk Insurance Act. But for the first time in 13 years, Congress ended a session without renewing its funding, due to opposition from Sen. Tom Coburn. Judy Woodruff sits down with Leigh Ann Pusey of the American Insurance Association for how the move will affect businesses nationwide.

12/17/2014 | Rating NR

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