The Bush administration is voicing strong support forlegislation extending federal support for terrorism insurancethrough the Terrorism Risk Insurance Act passed early today by theSenate.
"The administration strongly supports the bill's exclusion ofadditional lines of coverage and will strongly oppose any effortsto add lines of coverage, including group life insurance, orfurther expand the program," the administration statement said.
The Senate bill narrows the lines of business the governmentwill cover and increases retention levels.
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