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Tom Coburn
Expiring terrorism insurance program alarms Md. industries
Expiring terrorism insurance program alarms Md. industries

Insurance and real estate firms are scrambling to prepare for the expiration of a federal terrorism insurance program at the end of the month, warning that construction projects could be stalled and commercial loans on shopping malls, utilities and skyscrapers could be in jeopardy. The federal program, created to encourage insurers to continue offering coverage on office buildings, sports stadiums and other potential targets after the Sept. 11 attacks, had bipartisan support in Congress but became snarled in political gridlock in the final hours of this month's lame-duck session. While the policies are often associated with dense cities such as New York, Maryland companies have also...

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