# Insurers Support Terrorism Loan Bill In Part 

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Insurance companies are praising the House for approving legislation that would provide government loans to cover terrorism-related losses, but they generally stopped short of fully endorsing the bill.

The legislation, H.R. 3210, was approved yesterday by a 227-193 vote. Insurance companies had questioned whether a loan program would be sufficient to expand capacity for terrorism risks, but they praised the fact that the legislative process is moving forward.

Robert E. Vagley, president of the Washington-based American Insurance Association, called the vote "a very positive, meaningful step toward getting an effective terrorism insurance backstop in place prior to Congressional adjournment."

Sources:
- National Underwriter (http://www.nationalunderwriter.com/pandc/hotnews/ArcPC.asp?article=11_30_01_9_3419.xml)