Germany extends national terrorism insurance in wake of London attacks

Germany extends national terrorism insurance in wake of London attacks

[JURIST] The German Finance Ministry [official website, in German] announced Friday it would extend Germany's national terrorism coverage insurance pool for two years past its planned 2005 expiration date. The decision to extend the Extremus Versicherungs AG [official website, in German], enacted in the wake of 9/11, to cover damage to property and business disruption if there were a terrorist attack on Germany, following Thursday's terror attacks in London [JURIST report]. In the United States the Bush administration indicated last week that it was opposed to extending a law supporting terrorism insurance in the US [JURIST report]. Business Week has more.