The New York Times: WASHINGTON — House and Senate negotiators all but reached agreement on Thursday to extend federal terrorism insurance for six years, a big victory for developers in Lower Manhattan and other areas that insurers see as targets of potentially catastrophic attacks.
The deal would maintain the federal insurance backstop passed by Congress after the attacks of Sept. 11, 2001, but the threshold for federal assistance would begin after destruction costs reach $200 million, double the current threshold of $100 million.
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