The insurance industry's deep concerns about prompt congressional action to renew terrorism reinsurance legislation are not misplaced.
That was made clear Tuesday through a caustic exchange between a key congressional staffer and an industry lobbyist.
At an industry briefing on the issue at the U.S. Capitol Visitors Center, a top aide to Rep. Jeb Hensarling, R-Texas, new chairman of the House Financial Services Committee, kept pressing industry participants on their need for a Federal backstop in perpetuity.
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