"Nothing to see here. Move along."
"It's not terrorism. It is a
multi-cultural learning experience."
(Boston Globe) - The Boston Marathon bombing attacks have not been certified as an “act of terrorism” by the US Treasury, an important point holding up some insurance payments.
In the wake of the 9/11 attacks, Congress passed the Terrorism Risk Insurance Act, which created federally-backed insurance in cases of damage due to terrorism. Some Boston businesses were among those that bought the insurance.
Those purchases became relevant after the Boston Marathon bombings on April 15, 2013. Of the 160 companies located near the marathon’s finish line that submitted insurance claims, just 14 percent had purchased terrorism insurance, Insurance Journal reported.
But as of March 2014, many of those that held terrorism insurance had their claims denied. Why?
The Secretary of the Treasury Jack Lew has not certified the attacks as an act of terrorism for these insurance purposes, a requirement under the wording of the Terrorism Risk Insurance Act (TRIA).
“The Secretary has not determined that there has been an ‘act of terrorism’ under the Terrorism Risk Insurance Act,” a Treasury spokesperson emailed on Thursday.
The U.S. does no have enough home grown problems so we import two Muslim brother from terrorist infested Chechnya. The result was the Boston Marathon bombings on April 15, 2013. The bombings killed three people and reportedly injured as many as 264 others.