WASHINGTON–The real estate industry has weighed in with a proposal for a government-backed pool to cover terrorism risk.

While not embracing the total concept proposed, one insurers' trade group said they welcomed the real estate sector's effort to develop a solution to the terrorism risk problem.

The framework being advanced comes from the Real Estate Roundtable, a consortium including the leaders of top public and privately-held real estate ownership, development, lending and management firms along with national real estate trade associations.

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