After the September 11, 2001 terrorist attacks, insurance companies paid out billions in damages — more than ever before. So in 2002, Congress
agreed to help in the future by creating federally insured — and
relatively cheap — terrorism coverage for businesses.
Claims
under that coverage were filed for the first time after the Boston Marathon bombings. But insurance companies haven’t paid out — because
the federal government doesn’t consider the Boston Marathon bombing an
act of terrorism.
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