In a lightning-like move that startled some pessimisticobservers, the U.S. Senate Thursday voted to add to the lifespan ofthe Terrorism Risk Insurance Program Reauthorization Act of 2015.By doing so, Congress has now set the stage for President Obama toopen the way for the creation of the National Association of Registered Agents andBrokers.
NARAB was tagged on to the terrorism bill in 2014. Its supporters inCongress hoped that, by linking it to a bill very likely to beenacted, the association would finally see the light of day. Buttheir hopes were dashed throughout 2014 by a series of unfortunatepolitical events.
When the House adopted its version of the terrorism bill onWednesday, skeptics still worried that the Senate might find yetanother way to avoid the follow-through they waited for in vainlast year.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
