• Letter from Washington: New Activity to Expand the Risk Retention Act
  • August 28, 2007 | Author: Robert H. Myers
  • Law Firm: Morris, Manning & Martin, LLP - Washington Office
  • With Congress tied up with the war in Iraq and the politics of transferring power from the Republicans to the Democrats, there has been little opportunity for work on insurance issues. The foremost insurance priority is extending the Terrorism Risk Insurance Act. Advancing the surplus lines legislation which passed the House in the last Congress is a close second. And, of course, all insurance issues are clouded by the impact of Hurricane Katrina and the desire of some politicians to use it as a cudgel against the insurance industry.