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Fed Regulator Might Have Bolstered Terrorism Re Bill


The insurance industry would have had a much better chance of obtaining a federal backstop for losses caused by terrorism if the industry had a federal regulator, an industry analyst contends.

Peter Wallison, a resident fellow at the Washington-based American Enterprise Institute, said the effort to enact a federal terrorism reinsurance bill has been hampered by the absence of anyone within the federal government who is familiar with the insurance industry.

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