Democrat leaders in both the House and Senate are voicing strong support for prompt action on a permanent extension of the Terrorism Risk Insurance Act when they take control of Congress next year.

Battle with home insurer could stack the

WASHINGTON--Sen. Tim Johnson, D-S.D., who will become the second-ranking Democrat on the Senate Banking Committee, said yesterday he will re-introduce bi-partisan legislation to establish an optional f

Sen. Lott is currently engaged in a legal battle with his home insurance carrier. He recently inserted a provision in an appropriations bill requiring the Department of Homeland Security to investigat

WASHINGTON--Sen. Chris Dodd, D-Conn., said today he wants prompt action on a permanent solution to insuring terrorism risk, rather than merely extending the temporary federal reinsurance backstop due t

Industry lobbyists expect some key issues, such as TRIA renewal, to gain support

WASHINGTON--A pending agreement aimed at bringing Russia into the World Trade Organization has won U.S. property-casualty insurers' support after changes to its provisions, a carriers' trade group exec

WASHINGTON--Democrats have seized control of the U.S. House of Representatives, and possibly the Senate, for the first time since 1994 in mid-term elections, which will create a more consumer-oriented