NEW YORK--There is an even chance Congress will approve some form of terrorism insurance backstop, but passage won't come until the last minute, a brokerage firm executive predicted at an industry meeting yesterday.
James Dover, director, special risks, counter terrorism with the Chicago-based brokerage firm Aon, made his forecast during a panel discussion here sponsored by the Association of Professional Insurance Women.
A decision to extend or create an alternative to the current Terrorism Risk Insurance Act has a 50-50 chance of getting through Congress, said Mr. Dover.
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