NU Online News Service

Washington –Both opponents and advocates of extending the Terrorism Risk Insurance Act voiced positive sentiments after Congress passed the measure over the weekend.

The legislation, which provides federal supports for certain levels of terrorism losses by insurance companies, "will allow businesses and our economy to continue to grow as we fight the war on terrorism," said Ernie Csiszar, president and chief executive officer of the Property and Casualty Insurers Association of America.

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