Tuesday, October 04, 2005

Will DeLay Political Woes Boost Extension Of TRIA?

"CIAB memo cites indicted majority leader as ‘major obstacle’ on terrorism bill"

Washington
National Underwriter P&C
By Arthur D. Postal

"The legal problems of Rep. Tom “The Hammer” DeLay, R-Texas—forced to step aside as House Majority Leader last week after being charged with campaign finance violations—has given the property-casualty industry newfound optimism that a reasonable facsimile of the current Terrorism Risk Insurance Act can be sustained beyond its Dec. 31 expiration date..."