Despite the industry's relief at extension of the federalterrorism reinsurance backstop as expiration loomed, there is stillplenty of legislative work that needs to be done in the coming yearat both the federal and state levels to improve the efficiency ofinsurance transactions--although preoccupation with the Novemberelections may make progress difficult, producer representativeswarn.

After the frenzy of activity--especially in Congress--in 2007,culminating with the seven-year extension of the Terrorism RiskInsurance Act, "a little more calm would be welcomed in 2008,"according to Joel Wood, senior vice president of government affairsfor the Washington-based Council of Insurance Agents andBrokers.

Still, industry lobbyists cannot afford to rest on theirlaurels, as "we have a full plate in 2008--more than peoplerealize," noted Bob Rusbuldt, president and chief executive officerof the Independent Insurance Agents and Brokers of America inAlexandria, Va.

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