Republican-leaning insurer and producer groups are putting apositive spin on the Democrats' dramatic takeover of the U.S.Congress. In our cover story last week, a host of political bigs inthe industry expressed confidence they'll be able to work with theDems who will rule Capitol Hill come January–going so far as tospeculate that some issues on their agenda might even get a moresympathetic hearing.
The best bet for the industry under the Democrats will likely beconvincing Congress to once again extend the Terrorism RiskInsurance Act–and perhaps even replace it with a more permanentfacility.
After all, it was Senator Hillary Clinton, D-N.Y, who saidkeeping a federal terrorism reinsurance failsafe in place tosupport the economy was a matter of national security. It's beenRepublicans–especially those in the White House–who have beenlooking to kill the program and leave terrorism risks to thenot-so-tender mercies of the free market.
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