TRIA extension News
House Leaders Unveil Their Version of a TRIA Extension, With Attachments
House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law. The ...
TRIA or Not, XL Group Is Betting on Its Own Standalone Terrorism Insurance Policy
XL Group has come up with a standalone terrorism insurance policy meant to cover gaps in the Terrorism Risk Insurance Act, or TRIA, whether or not the federal reinsurance law is renewed. The new ...
House Committee Votes on TRIA With NARAB Amendment, FSOC Moratorium
The Republican House Financial Services Committee (HFSC) voted 32-27 in a party line split Friday morning to renew the Terrorism Risk Insurance Program (TRIA) for five years, sending the measure to ...
House TRIA Draft Boosts Event Trigger, Deductibles; Formal Intro Likely This Week
The formal introduction and markup of proposed House legislation to renew the Terrorism Risk Insurance Act (TRIA) is expected the week of June 16, giving the industry hope something will move toward ...
Industry Prediction: Expect P/C Market Stability Through 2014
The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise ...
RAND Study Backing TRIA Among Latest Additions to Continuing Renewal Debate
More than seven months before the Terrorism Risk Insurance Act is set to expire yet again, the lobbying push to renew it or let the post-9/11 law lapse is accelerating, with no consensus yet in ...
Marsh Terrorism Risk Report Ups the Pressure on TRIA Renewal
Marsh unveiled a new report warning that the cost of terrorism reinsurance will become "volatile" without the Terrorism Risk Insurance Act. It also emphasizes that the post-9/11 law has helped ...
Senate TRIA Renewal Bill Elicits Cautious Optimism from Industry Trades
Insurance industry lobbying groups are hopeful that the bipartisan legislation introduced in the Senate on April 10 to reauthorize the Terrorism Risk Insurance Act, or TRIA, will have a better chance ...