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Insurers Still Optimistic About Terrorism Insurance BillWashington

One year after the tragic events of Sept. 11, 2001, the insurance industry remains optimistic that long-delayed legislation creating a federal government backstop for insured losses caused by acts of terrorism will finally be enacted.

“This can be a two-day conference if we can clear out the underbrush,” said Joel Wood, senior vice president of government affairs for the Washington-based Council of Insurance Agents and Brokers. He was referring to the parliamentary procedure in which House and Senate leaders reconcile their different approaches to the issue.

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