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TRIA extended to 2007

As many of you know, the Terrorism Risk Insurance Act of 2002 was recently extended, with minor changes, through December 2007 by the Terrorism Risk Insurance Extension Act of 2005.  Other than increasing deductibles for insurers, the primary change was the exclusion of commercial auto, professional liability (other than D&O), surety and some other lines of business from the federal program.  With respect to AEGIS policies, the terrorism coverage will remain essentially unchanged.