A Bush administration recommendation that insurers should bearmore risk if the federal backstop provided by the Terrorism RiskInsurance Act is renewed is open to negotiation, Treasury SecretaryJohn Snow told Congress last week.

“Nobody is talking about ending that backstop,” Sec. Snowsaid.

“What we're talking about is revamping. The issue is can we makesome improvements to the program to give the private sector more ofa role to play.”

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