The U.S. Senate voted Thursday to extend a federal terrorism program for six years. Lawmakers failed to extend the program before it expired last year, and it was quickly reauthorized in a 93 to 4 vote.
A new report by Marsh confirms that demand for terrorism insurance remains strong and the existence of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) plays a key role in making coverage available and affordable.
The recent bombing at the Boston Marathon serves as a stark reminder that mass violence, whether a result of terrorism or other acts, remains a critical threat for organizations.
