President George W. Bush signed a seven-year extension of the Terrorism Risk Insurance Act, adding domestic terrorist events to the program, but leaving out coverage for attacks using weapons of mass destruction–much to the chagrin of House Democrats supporting a far more expansive bill.

Democrats in the House voiced frustration at having to settle for a far less comprehensive and shorter-term extension of the nation’s federal terrorism reinsurance backstop than they desired, but vowed to continue the battle next year to expand the program’s scope.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.