WASHINGTON--The House won't accept the Senate version of legislation providing a federal backup on terrorism risk insurance and will instead vote to extend the current program until April 30, a key congressman said today.

In comments at a trade group meeting in Boston, Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said the current bill will be extended while the House and Senate negotiate a compromise bill. The current extension expires Dec. 31.

Mr. Frank made his comments in an appearance before the annual meeting of the Property Casualty Insurers Association of America.

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