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Just a few months ago, the Terrorism Risk Insurance Act (TRIA), an Act that limits the amount of losses insurers would be responsible for in the event of a terrorist attack, seemed like a sure bet to be extended for a third time. Though both the House and the Senate had significant disagreements, for the most part, both believed that the program should be extended further into the future than it had been in the past, when it was given just a two-year re-up. But with the Dec. 31, 07 expiration date looming and new promises of a presidential veto, the fate of TRIA is suddenly looking grim.

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