Posted On: June 30, 2005, 12:36 pm CDT

Posted By: dumbstruck

You gotta be kidding! There's NO WAY the industry can calculate the cost of insuring a mega terrorist event. And the industry has been lobbying hard and expending huge amounts of money to convince the Administration and Congress to renew TRIA. Haven't you been reading the papers? Even Majority Leader DeLay said that Congress and the government don't want to continue the program due to the DEFICIT, which means that if they fail in their job to protect this great country, they don't want the cost coming out of their hide and threatening their re-election chances. TRIA has essentially operated at no cost for the past 3 years. If TRIA isn't renewed, you'll see the terrorism market dry up, which will result in businesses curtailing their plans for growth, which will lead to a slowdown in new jobs created, which will THEN lead to a loss in expanding the economy, which will lead to a loss in income for our industry. You really think our industry wants THAT?