Debate Over Terrorism Insurance to Be Renewed

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As a result, terrorism risk insurance for businesses became expensive and difficult, if not impossible, to obtain. In response, Congress passed the Terrorism Risk Insurance Act, or TRIA, in 2002, and.

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It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA. This is even more important in the debate over nuclear, biological, chemical and radiological (NBCR), which is being.

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The April 15 Boston bombings could have an impact on the efforts to renew the federal government’s terrorism insurance backstop. is going to factor into the debate related to the extension of the.

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Insurance Coverage Law in Massachusetts. TRIA is set to expire in 2014, and the debate over whether it should be renewed is underway. According to this article in Property Casualty 360, the Insurance Information Institute favors renewal of the act because insurers will simply exclude terrorism coverage if the act is not renewed.

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Legislation that would extend the current terrorism risk insurance act program until 2019. R Street Senior Fellow R.J. Lehmann says a comprehensive debate should take place over whether the program.