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Terrorism Risk Insurance Act
Trends
- 1Insurers urge Congress to resolve TRIA before year-end▼Insurers press Congress to settle TRIA differences before year-end
Insurance industry groups are pressing US lawmakers to reconcile differences over the Terrorism Risk Insurance Act before the end of the year. The federal backstop for terrorism losses faces an expiration deadline, and insurers warn that failure to extend it could disrupt coverage for commercial property across the country. Advocates want Congress to pass a reauthorization before its holiday recess.