For Immediate Release:                                Contact:  Gretchen Wintermantel
April 17, 2007                                                             (202) 225-6511

House Financial Services Subcommittee to Explore
Policy Options for Extending Terrorism Risk Insurance Act

WASHINGTON - Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that the Subcommittee will hold a hearing at 1:30 p.m. on Tuesday, April 24, to discuss extending the Terrorism Risk Insurance Act, which is currently scheduled to expire at the end of 2007.

"The Capital Markets Subcommittee is holding this hearing so that Members can examine the policy choices that Congress will need to take into account as we consider a bill that would extend and modify the Terrorism Risk Insurance Act," said Chairman Kanjorski. "During the hearing, we will hear the opinions and ideas of experts on the ways that we can ensure the continued availability of insurance to protect against terrorism risk and options for better safeguarding our nation's economic security."

Witnesses to testify:

• Mr. Leonard W. Cotton, Vice Chairman, Centerline Capital Group
• Mr. Brian E. Dowd, Chief Executive Officer, Insurance - North America, ACE Group
• Mr. Vincent T. Donnelly, President and Chief Executive Officer, PMA Insurance Group
• Mr. Thomas R. Watjen, President and Chief Executive Officer, Unum Group
• Mr. Joseph P. Ditchman, Jr., Partner, Colliers Ostendorff Morris, on behalf of the National Association of REALTORS
• Ms. Janice M. Abraham, President and Chief Executive Officer, United Educators

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