* Terrorism insurance backup plan a...

* Terrorism insurance backup plan adopted. Construction and progress to maturity interests are applauding the passage according to Congress last month of a law that commits the federal management to underwrite a major share of insurance coverage against losse from terrorist attacks. It makes federal stores of up to $100 billion available for this project
The federal government's share would be 90% of losse above the deductible amount.
Insurance company deductibles are wager at 7% of premiums the first year, 10% the