WASHINGTON--A Democratic lawmaker, a White House official and a Republican Senator made comments today revealing persistent differences over whether to provide a permanent government support for terrorism insurance.
Their conflicting viewpoints were aired at the Networks Financial Institute's Annual Insurance Reform Summit.
Rep. Barney Frank, D-Mass., said that the House will pass a bill in April extending the federal Terrorism Risk Insurance Act, which provides a backstop for insurers in the event losses from a terrorism attack hit certain threshold levels.
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