U.S. Treasury: Boston Marathon Bombing Not 'Act Of Terrorism'

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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