✉news WarTerrorism first seen 4 d ago, last 4 d ago, peak #37
Insurers cautiously optimistic on TRIA reauthorization by year-end
Original: APCIA ‘cautiously optimistic’ on TRIA reauthorization by year-end
The American Property Casualty Insurance Association says it is cautiously optimistic that the Terrorism Risk Insurance Act will be reauthorized by the end of the year. The federal backstop, which covers insured losses from large terrorist attacks, requires periodic congressional renewal, and insurers are watching the timeline closely given the programme's role in sustaining terrorism coverage markets.
Why now: TRIA's reauthorization deadline is approaching and the insurance industry is publicly weighing its chances of timely renewal.
Evidence
- APCIA ‘cautiously optimistic’ on TRIA reauthorization by year-end · theinsurer.com
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