Washington–With the federal backstop for terrorism insurance expiring in 22 days, the White House and Senate Republicans are insisting any legislation to extend the support be more bare-boned than the House approved measure.
Reacting to Republican Senate leadership comments to this effect, the American Council of Life Insurers said they were a tactic to keep the group life insurance provisions from the final bill.
And in a memo to members, officials of the Council of Insurance Agents and Brokers said they anticipated that the Senate would take an initial position "stonewalling" on the House measure to renew the Terrorism Risk Insurance Act in hopes of preserving its own simpler version of the legislation.
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