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As the nation marks nine years since the 9/11 attacks, the Obama administration’s plans to cut a federal stop-loss program for terrorism insurance would reduce the availability and increase the cost of coverage for acts of terrorism, a property-casualty think tank said Friday.

The Terrorism Risk Insurance Act of 2002 was a result of the 9/11 terrorist attacks. The government functions as a reinsurer to private insurers that offer terrorism Read the rest of this entry »

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President Obama’s State of the Union speech has so far failed to unite Democrats on a health reform strategy as they “stared down a political nightmare,” The Associated Press reports. “The grim reality opened a divide between the rank and file and congressional leaders, who insisted health care would get done, even though last week’s special election in Massachusetts denied Democrats the 60-vote majority they need to deliver in the Senate. Many Read the rest of this entry »