Failure to extend federal terrorism insurance backstop would 'severely curtail' coverage:
Failure to extend the federal government's terrorism insurance backstop probably would cause insurers to ``severely curtail'' underwriting risks in areas at the greatest risk of terrorist attacks and thus the greatest need for coverage, according to a report released Wednesday by Guy Carpenter & Co. LLC
President Barack Obama on Monday urged Congress to extend unemployment insurance and lambasted Republicans for blocking the legislation three times.