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Senate votes to extend program protecting insurance industry from costs of terrorist attack

By Stephen Ohlemacher, July 17, 2014

The Senate voted Thursday to extend a program that would cushion the blow to insurance companies in the event of a massive terrorist attack.

The program was enacted in the aftermath of Sept. 11, when insurance companies were reluctant to provide coverage for terrorist attacks. It is due to expire at the end of the year.

The Senate voted 93-4 to extend the insurance program through 2021. Under the program, the federal government helps pay damages for attacks that cost more than $100 million.

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