The property-casualty insurance industry will focus on retaining as much of the current Terrorism Risk Insurance Act as it can this Congressional term.

Congress, scheduled to return from recess next week, convened for a special session to deal with legislation appropriating emergency funds for Hurricane Katrina relief.

Even though dealing with the aftermath of Hurricane Katrina is seen as changing the Congressional agenda substantively, the industry has decided to keep an eye on the narrow goal of extending TRIA because the current law expires Dec. 31, industry officials said.

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