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House Passes Bill to Reauthorize Terrorism Risk Insurance Program…

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Supporters of the legislation have framed the updates as prudent adjustments that strengthen taxpayer safeguards while preserving the program’s core function.

Raising the certification threshold, for instance, means federal involvement would require a higher bar of insured losses, reducing the likelihood of smaller events triggering government participation.

This sector supports millions of jobs in construction, property management, retail, hospitality, and related industries across the country.

Large-scale projects such as office towers, stadiums, shopping centers, and industrial facilities often rely on the availability of comprehensive insurance packages that include terrorism coverage.

Lawmakers and industry representatives have noted that terrorism risk remains difficult to model using traditional actuarial methods due to its unpredictable nature.

The federal backstop has helped maintain a functioning private market for this coverage since the immediate aftermath of the 2001 attacks, when reinsurers largely withdrew from the space.

H.R. 7128 does not expand the scope of the program or alter its fundamental structure as a temporary backstop.

Instead, it focuses on extending the existing framework with targeted reforms aimed at greater transparency and fiscal accountability.

The bill now advances to the Senate, where a companion measure has also been introduced.


According to the New York Post, Buckingham Palace got involved on Monday,

March 18, after a Russian news organization shared an “announcement” that Charles, 75, had died.

“We are happy to confirm that The King is continuing with official and private business,” the palace shared in a statement to the Russian state-run TASS news agency on Monday.

The Russian media outlet’s original report replicated correspondence from the palace, even including the monarch’s official seal. “The following announcement is made by royal communications. The King passed away unexpectedly yesterday afternoon,” the fake statement read.

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Speculation about Charles’ health has ramped up amid reports that the BBC is preparing for a major announcement regarding the royal family. While some fans believe that the news will be about Princess Kate Middleton and her whereabouts following her abdominal surgery, other rumors suggest the palace will offer an on Charles’ cancer battle.

King Charles III Is Alive After Death Report Samir Hussein – Pool/Getty Images Buckingham Palace announced on February 5 that Charles was diagnosed with “a form of cancer” after he underwent treatment for an enlarged prostate. While further specifics were not given about the king’s illness, royal reporter Omid Scobie later confirmed Charles does not have prostate cancer.

“His Majesty has today commenced a schedule of regular treatments, during which

time he has been advised by doctors to postpone public-facing duties,” the palace noted last month. “Throughout this period, His Majesty will continue to undertake State business and official paperwork as usual.”

Days later, Charles addressed his diagnosis for the first time in a personal statement released via Buckingham Palace.

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“I would like to express my most heartfelt thanks for the many messages of support and good wishes I have received in recent days,” he said on February 10. “As all those who have been affected by cancer will know, such kind thoughts are the greatest comfort and encouragement.”

Charles said it was “heartening to hear” from others with similar stories. “My lifelong admiration for their tireless care and dedication is all the greater as a result of my own personal experience,” he concluded.

While Charles has kept his public-facing duties to a minimum, he has hosted various meetings at Buckingham Palace while other royal family members have attended events in his place outside the residence.

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