Businesses await decision on whether marathon bombing was terrorism

04/28/2013 | ABC News

Federal officials' decision on whether the Boston Marathon bombing was an act of terrorism will affect whether businesses qualify to file insurance claims, industry experts say. Firms with no special insurance rider as required under the Terrorism Risk Insurance Act will be unable to pursue claims if the government declares the event a terrorist act, experts say. Until the decision is made, "insurers will proceed to adjust the claims and work with policyholders just as it would have been in a natural disaster of some sort," said Robert Hartwig, president of the Insurance Information Institute.

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