WASHINGTON--A senior property-casualty insurance industry lobbyist predicts the terrorism risk insurance bill extension introduced Monday in the House will have "overwhelming and bipartisan support" on the House floor.

Joel Wood, senior vice president, government affairs, for the Council of Insurance Agents and Brokers, said he believes there is a strong consensus in the House "that the program is justified and necessary."

Representing the consensus of the industry view, Mr. Wood said he is also "confident that intra-industry circular firing squads won't rule the day."

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