D.C. agenda taking form.(terrorism insurance regulations )(Brief article)(Column)

Business Insurance, January, 2007

The shape of the new Congress' risk management agenda has become clearer during the two months since the election. As we hoped, the new chairmen of the Senate Banking, Housing and Urban Affairs and the House Financial Services committees quickly endorsed extension of the federal terrorism insurance backstop, which will expire Dec.

31 unless it is renewed or replaced. Fortunately, the Senate Banking Committee's chairman, Sen. Chris Dodd, D-Conn., said he'd prefer a permanent solution rather than renewing the program every other year. His House counterpart, Rep. Barney Frank, D-Mass., hasn't committed to a permanent solution, but is clear he wants something lasting at least five years. Both lawmakers want to move on terrorism insurance sooner rather than...