Wordings finalised as major corporations struggle to obtain cover
It now seems certain that the terrorism insurance bill will finally be voted through when Congress returns after the mid term elections early next month. This is largely the result of a Republican concession to Democrat demands that businesses retain some degree of liability for punitive damage to third parties as a result of another terrorist attack on the scale of 11 September. The bill will also owe much to tireless campaigning by the insurance, as well as the larger corporate, lobby.
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