Washington–The U.S. Re Group is gauging insurance industry andU.S. government support for a quasi-governmental tax-exempt entitythat would be used as a long-term follow up for the currentTerrorism Risk Insurance Act.

However, TRIA is scheduled to expire Dec. 31 and there is littletime left for Congress to act on any legislation beyond must-dobills before recessing for the year, U.S. Re officialsacknowledge.

Given that, U.S. Re Group officials said that the mostappropriate thing for Congress to do is extend TRIA and then worknext year on a long-term solution. U.S. Re developed its proposalas an advisor to the U.S. Treasury Department.

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