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While some narrowing of the current government backstop on terror coverage remains possible, it now looks more likely that TRIA will be renewed in some form, insurer trade groups suggested last week.

Following two weeks of disappointment over Treasury’s June 30 report, and urgent statements delivered in the wake of London terror blasts underscoring the need for TRIA renewal, the groups saw a change in tone from the Bush administration when Treasury Secretary John Snow testified at Congressional hearings.

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