They say politics makes strange bedfellows, but now that Democrats are poised to take control of Congress next week, insurance industry lobbyists might actually find a more receptive crowd on at least one key industry objective on Capitol Hill--TRIA extension.
While insurance leaders are more often identified with the Republican party, the GOP has been anything but friendly towards the industry latelywhat with incoming Senate Minority Whip Trent Lott targeting insurers on Hurricane Katrina claims-handling--so dealing with the Democrats might not be the worst turn of events.
Indeed, on the one issue totally uniting the industrykeeping the federal reinsurance backstop under the Terrorism Risk Insurance Act, due to expire at the end of 2007insurers, producers and corporate insurance buyers will likely have a more sympathetic ear with the Democrats.
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