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Insurance Biz Lobbies Sens. To Extend Terrorism Backstop

By Andrew Scurria (February 25, 2014, 3:22 PM EST) -- Insurance bigwigs and policyholder groups alike urged a Senate banking panel Tuesday to maintain the soon-to-expire federal terrorism reinsurance program as is, saying that reforms designed to pass more risk to the private sector will depress coverage capacity and raise prices....

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