The insurance industry is being asked to give members of theHouse Financial Services Committee an update next week on how theindustry is responding in the aftermath of Hurricane Katrina.

At the same time, the committee's action on extension of theTerrorism Risk Insurance Act--the industry's top legislativepriority this fall--has been delayed because of the suddencongressional shift of priorities to aid victims of Katrina.

Insurance trade group officials have been alerted to have awitness available for a hearing, likely to be held next Wednesdayafternoon, several industry lobbyists said. The meeting will followa morning session where banking industry officials will updatemembers of the committee's Subcommittee on Financial Institutionsand Consumer Credit.

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