January 6, 2006

Money & Management In Brief

TERRORISM INSURANCE: Congress has passed a two-year extension of a federal terrorism-insurance law that was due to expire at the end of 2005. The legislation, which was signed into law by President Bush, includes a provision covering liability from lawsuits arising from an act of terrorism, which colleges and others had been seeking. Colleges said that without the backup coverage from the federal government provided for by the law, such insurance would become too difficult or too expensive to

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