Washington–Legislation extending the Terrorism Risk InsuranceAct being crafted by the Republican majority staff of the HouseFinancial Services Committee will likely call for ending thefederal backstop for commercial auto and general liabilitycoverage, it was learned.
Sources said ending coverage for commercial auto and generalliability coverage would be a bow to the Bush administration, whoserecent guidelines for extending TRIA coverage suggested such anomission.
But it likely will call for coverage of group life insurance,according to several lobbyists briefed on the committee'splans.
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