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The top staff official of the Property Casualty Insurers Association of America is warning the industry that reauthorization of the Terrorism Risk Insurance Act will be an “uphill climb” in this Congress.

At the same time, the top staffer at the American Insurance Association acknowledged that “in the current economic and political climate, renewal will be tough.” However, she said that that the industry and policyholders are organized and she is optimistic that, ultimately, TRIA will be reauthorized in some form.

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