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TRIREA Gets Insurance Buyer Backing

WASHINGTON--Two groups representing purchasers of commercial insurance are voicing strong backing for the House measure passed last week that would extend government support to insurers after major ter

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WASHINGTON–Two groups representing purchasers of commercial insurance are voicing strong backing for the House measure passed last week that would extend government support to insurers after major terrorism losses.

Both organizations are urging the Senate to act promptly on the bill, which passed the House Thursday on a 312-110 vote. Without an extension, the Terrorism Risk Insurance Act program will expire Dec. 31.

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