By Emily Stephenson, Reuters
The U.S. House of Representatives voted on Wednesday to extend a federal terrorism insurance program that was created after the September 11, 2001 attacks, overcoming criticism from Democrats of a provision that would retool part of 2010 Wall Street reforms.
The program is intended to support insurers by creating a federal backstop that kicks in if they lose a certain amount of money after an attack. It has never been triggered.
Businesses, sports stadium owners and others that insure against attacks have said their costs could rise if the program is not renewed before it expires at the end of the year.