"Without terrorism insurance coverage," states associationchairman James M. Murphy, "commercial lenders will be forced toeither delay or prevent real estate projects from going forward.That could include everything from financing, buying or selling ashopping center to constructing a new office or apartmentbuilding."

Already, many insurance brokers in major metropolitan areas areexcluding terrorism coverage from future policies. MBA urgeslegislators to devise a program that would include a Federalreinsurance backstop and a cap on total losses for both the privateand public sectors.

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