While the extension of the Terrorism Risk Insurance Act appears to have significant support on Capitol Hill, a House Financial Services Subcommittee hearing last week revealed there is still considerable debate ahead over how long the federal reinsurance program should last.

Rep. Paul Kanjorski, D-Pa., who chairs the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprise, acknowledged a strong need to extend TRIA beyond its current deadline at year’s end.

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