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Tom Coburn

Congress approves terrorism insurance program

Congress approves terrorism insurance program

Congress gave overwhelming approval Thursday to a federal terrorism insurance program that lawmakers had allowed to lapse at the end of last year despite warnings from commercial real estate and construction firms.

The program, created to encourage insurers to continue offering coverage on office buildings, sports stadiums and other potential targets after the attacks of Sept. 11, 2001, cleared the Republican-controlled Senate, 93-4, just weeks after the measure had stalled over objections from a single senator.

The House of Representatives approved the legislation earlier this week. President Barack Obama is expected to sign it, despite...