- President Barack Obama has called last week's Boston bombings an "act of terror," but businesses near the blast site may have a vested interest in keeping that designation unofficial.
- Companies could lose insurance payouts for property, lost income and other damage if the bombings are officially declared an act of terrorism by key U.S. officials, under an 11-year-old law that hasn't yet been tested...
- The reason: After the Sept. 11, 2001, terrorist attacks, policies sold to business customers typically haven't covered losses stemming from "terrorism" unless the customer pays extra for the coverage.
Read the full article in the WSJ here.
