As the death toll rises in the aftermath of Thursday’s terrorist bombing in London, an insurance industry executive said the real market disruption will not be from this act but from congressional failure to extend the Terrorism Risk Insurance Act.

Today, Police Commissioner Ian Blair said that at least 50 people died in the four explosions that rocked London’s transportation system. He said there are still more bodies to be recovered, and the death toll will go higher as the investigation continues.

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