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Bi-partisan support extends Terrorism Risk Insurance Act by six years, and also includes agent licensing reform with the inclusion of a permanent National Association of Registered Agents and Brokers. UPDATE: House also passes the Insurance Capital Standards Clarification Act, which recognizes the difference between the banking and insurance markets.
Berkshire Hathaways board will have a bigger responsibility weighing compensation for its next CEO after Warren Buffett is no longer leading the company, said director Susan Decker.
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