President Bush signed a terrorism insurance law that could provide relief to the real estate industry and jumpstart construction projects held up since last year's terrorist attacks.
"President Bush this morning signed a law that pledges billions of taxpayer dollars to help insurance companies pay claims from a future terrorist attack and is designed to jumpstart a market that had been in turmoil ever since last year's attacks...The law is expected to bring some immediate relief to the commercial real estate industry, which, according to trade group estimates, had seen billions of dollars worth of new construction projects put on hold or stopped because of a lack of terrorism coverage."
Thanks to Abhijeet Chavan
FULL STORY: Bush Signs Bill to Protect Insurance Industry
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