And indeed, Lauren Simonetti of Fox Business begins her dire report thusly: “There is a chance that Super Bowl XLIX will not happen!” It’s all because of something called the Terrorism Risk Insurance Act, which allows the federal government to back insurance companies that hand out terrorism insurance for big events. Without this backing, insurance companies would be hesitant to provide terrorism insurance.
According to Simonetti, Congress needs to renew the act before it expires on Dec. 31 or else, boom, NO SUPER BOWL.
The NFL has indeed lobbied Congress to renew the act. But before America’s chip-and-dip companies begin bankruptcy proceedings, maybe we should consult with the NFL, which issued the following terse statement to anyone who asked.