Consumer Group Decries Backstop Passage
NU Online News Service, June 18, 4:33 p.m. EST?Anticipating that the Senate will approve passage later today of a measure providing a federal backstop for terrorism losses, a consumer group denounced such a move as a "insurance industry giveaway."
The Consumer Federation of America in Washington said bill would require taxpayers to foot the bill for future terror losses at a time when most businesses have been able to obtain terror insurance.
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