Commercial real estate will benefit from the reauthorization of the federal government's terrorism risk insurance program, which President Bush signed into law on Dec. 26. The program, initiated after the Sept. 11, 2001, terrorist attacks, has helped stabilize the commercial real estate industry. The new law extends the program for seven years, covers both foreign and domestic acts of terrorism, retains the "trigger level" at $100 million of dama ges at which point federal assistance kicks in, and establishes a blue ribbon commission tasked with recommending a long-term private market solution. Read more...
http://www.realtor.org/press_room/news_releases/2007/terrorism_insurance_law_will_protect_commercial_market.html?&WT.mc_t=LS010208&WT.mc_n=Comm