Some Boston Marathon Damages Don't Qualify for Terrorism Insurance
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Some Boston businesses that suffered losses from the Marathon bombing got a nasty surprise this week - they discovered that they don't currently qualify for payouts on their terrorism insurance policies. 
Boston businessowners didn't suffer enough to merit an insurance payout.(Rebecca Hildreth, Creative Commons)
According to The Boston Globe, this is because Secretary of the Treasury Jack Lew has not certified these attacks as an act of terrorism for insurance purposes, which is required under the Terrorism Risk Insurance Act (TRIA).
The TRIA stipulates that a terrorist event is one that causes more than $5 million in damage - so although the businesses ordered to close after the bombing incurred losses, they didn't lose enough.
What dollar amount would the Treasury place on the psychological damage incurred by Bostonians on that day?
Read more at Slate.
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