The latest rounds of terrorism in the world make many wonder whether the horrific damages are covered by insurance in some way.

For ordinary citizens in the United States most insurance policies exclude any and all damages caused by terrorists. However, few people know that the congress though  George Bush in 2002  created a law, The Terrorism Risk Insurance Program Reauthorization Act [TRIA], that gave a jump start to property and casualty insurers after the companies faced $32 billion  in claims form the September 11 attacks. Congress renewed the law in 2005 and 2007 and just recently. The law guarantees up to $100 billion in damages to insurance companies that cover terrorism-related injuries and property damage. This applies after the combined losses exceed $100 million. Insurers have a co-pay now of 20%.