President Bush today signed a Terrorism Risk Insurance Act bill that will extend the federal terrorism insurance backstop program until the end of 2014 but will leave out group life.
The bill, H.R. 2761, the Terrorism Risk Insurance Program Reauthorization Act of 2007, will add coverage for domestic terrorist events to the program.
The bill also adds a provision that will require the U.S. Government Accountability Office to study the risks associated with terrorist attacks involving nuclear arms and other weapons of mass destruction.
The bill that has authorized the TRIA program expires Monday.
The Senate passed H.R. 2761 Nov. 16.