I planned on addressing this question this month, but then I came upon Editor Phil Gusman's editorial in his March 14th issue of Insurance Advocate, our regional sister publication that is distributed in the Northeast. Now, I could have plagiarized the nice young man and usurped his work without credit, since he reports to me and probably wouldn't have complained (much). Or I could have paraphrased him, but it wouldn't have come across as well. And besides, he deserves the recognition and exposure to a wider audience. Here's a slightly edited version of his editorial (due to space limitations), but I assure you, I left all his good stuff in! From this point on, the words are all Mr. Gusman's:

Will we see an extension of the Terrorism Risk Insurance Act (TRIA) anytime soon? Legislation was introduced in the Senate a few weeks ago by Senators Robert Bennett (R-Utah) and Christopher Dodd (D-Conn.), and a Senate Banking Committee hearing was scheduled for March 3. That hearing has since been postponed.

In the House, meanwhile, legislation was also recently introduced, drawing kind words from the Independent Insurance Agents and Brokers of America.