It is expected that Bush will sign this legislation despite hisand other Congressional conservatives' grumblings in the past aboutthe need for the private sector to take over this role from thefederal government. However the final bill that Congress haspresented to Bush maps closely with his demands. It doesn't, forinstance, provide a 15-year extension as an earlier House billdid. The final version does extend coverage to domestic events andcalls for a US Government Accountability Office study on theavailability and affordability of insurance for nuclear, chemical,biological and radiological events.

Property owners will be relieved once the bill is passed: as onemeasure of the importance of terrorism insurance in the commercialreal estate realm, according to National Multi Housing Council 2007Cost of Risk Survey, 87% of apartment firms surveyed purchasedterrorism coverage as part of their property program.