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Terrorism Insurance Legislation Should Make it Easier to Obtain Insurance

Monday, December 2, 2002 - 1:45AM

Terrorism insurance legislation signed into law by President Bush last week is expected to make it easier for property owners to obtain terrorism insurance and help to boost the economy and create new jobs by providing stability to the nation's commercial and multifamily real estate markets. The Terrorism Risk Insurance Act, H.R. 3210, voids any existing terrorism exclusion found in commercial property, general liability and other insurance lines and includes legal protections for property owners. Click here for the text of the legislation. A detailed synopsis will appear in the January issue of Novogradac & Company LLP’s Property Compliance Report.

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