Tuesday, August 18, 2009

Opening the Window on Foreign Lobbying

Pro Publica reports:
In 2008, Bermuda’s influential reinsurance industry needed some help. Successive seasons of monster hurricanes in the United States, where much of its client base is, had cost these insurers of insurance companies [1] $22 billion in losses. Eager to avoid a repeat — and unable to change the weather — the companies and Bermuda’s government turned to something they could influence: The U.S. Congress.

At the behest of his government’s lobbyist, Premier Ewart Brown of Bermuda met in June with key congressmen, among them the powerful House Ways and Means chairman, Charles Rangel, D-N.Y., and two Democrats from states in hurricane alley [2], G.K. Butterfield of North Carolina and Bennie Thompson of Mississippi.