The long-term renewal of a U.S. government terrorism risk insurance program for the nation's airlines–extended to cover domestic flights shortly after Sept. 11, 2001–is in jeopardy.
The program is similar to the Terrorism Risk Insurance Act, which the Bush administration doesn't like because it feels such reinsurance exposure should be borne by the private sector.
A staff official of the Department of Transportation, which administers the airline program, said the agency and the administration "would prefer that the private sector provide reasonably-priced terrorism risk insurance to domestic airlines sometime in the future."
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