Republican-leaning insurer and producer groups are putting a positive spin on the Democrats' dramatic takeover of the U.S. Congress. In our cover story last week, a host of political bigs in the industry expressed confidence they'll be able to work with the Dems who will rule Capitol Hill come January–going so far as to speculate that some issues on their agenda might even get a more sympathetic hearing.

The best bet for the industry under the Democrats will likely be convincing Congress to once again extend the Terrorism Risk Insurance Act–and perhaps even replace it with a more permanent facility.

After all, it was Senator Hillary Clinton, D-N.Y, who said keeping a federal terrorism reinsurance failsafe in place to support the economy was a matter of national security. It's been Republicans–especially those in the White House–who have been looking to kill the program and leave terrorism risks to the not-so-tender mercies of the free market.

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