WASHINGTON–Sen. Trent Lott, R-Miss., an outspoken foe of insurers who is said to have promised after Hurricane Katrina he would “bring down” the industry, announced today he would resign before the year's end.
Sen. Lott scheduled two news conferences today to make the announcement of his plans to leave the Senate at the end of the current session. In advance of those events he reportedly advised both Senate Republican leadership and the Bush administration of his decision.
Sen. Lott's comments concerning his plans to wreak havoc on insurers were made in a July 13, 2006 telephone call to Charles Chamness, president and CEO of the National Association of Mutual Insurance Companies.
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