A TRIA Extension: Yes or No?

I planned on addressing this question this month, but then I came upon Editor Phil Gusman’s editorial in his March 14th issue of Insurance Advocate, our regional sister publication that is distributed in the Northeast. Now, I could have plagiarized the nice young man and usurped his work without credit, since he reports to me and probably wouldn’t have complained (much). Or I could have paraphrased him, but it wouldn’t have come across as well. And besides, he deserves the recognition and exposure to a wider audience. Here’s a slightly edited version of his editorial (due to space limitations), but I assure you, I left all his good stuff in! From this point on, the words are all Mr. Gusman’s:

Will we see an extension of the Terrorism Risk Insurance Act (TRIA) anytime soon? Legislation was introduced in the Senate a few weeks ago by Senators Robert Bennett (R-Utah) and Christopher Dodd (D-Conn.), and a Senate Banking Committee hearing was scheduled for March 3. That hearing has since been postponed.