202004.27
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GAO Terrorism Report: State of Terrorism Risk Insurance and Update on Treasury’s Program Processes

The U.S. Government Accountability Office recently released a report  that found that under the Terrorism Risk Insurance Act (TRIA), Treasury has processes for certifying terrorist events and fulfilling claims under the program, but a lack of communication about aspects of Treasury’s certification process could pose challenges for insurers. TRIA was reauthorized through 2027 at the…

202004.27
0

GAO Terrorism Report: Program Changes Have Reduced Federal Fiscal Exposure

The U.S. Government Accountability Office recently released a report demonstrating that the Terrorism Risk Insurance Act (TRIA) reauthorizations through 2015 have decreased federal fiscal exposure, and insurers have adjusted by managing their increased risk. In December 2019, Congress reauthorized TRIA through 2027. Read the full report. After the Sept. 11 attacks, insurers generally stopped covering…

201912.23
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President Trump Signs Legislation to Reauthorize TRIA Through 2027

Late on Friday, Dec. 20, President Trump signed a major appropriations measure, the Further Consolidated Appropriations Act, 2020, or H.R. 1865, to fund the Federal Government through Fiscal Year 2020. Included in this legislation was the “Terrorism Risk Insurance Program Reauthorization Act of 2019” that reauthorizes the Terrorism Risk Insurance Act (TRIA) for an additional…

201912.19
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CIAT Commends Congress for Passing TRIA Extension: President Trump Expected to Sign Bill

Coalition Says Legislation Is Needed to Protect U.S. Jobs and Economy WASHINGTON, DC, DEC. 19, 2019—The Coalition to Insure Against Terrorism (CIAT), which represents the insurance policyholder community throughout the transportation, real estate, manufacturing, construction, entertainment, education, retail, and other sectors, praises Congress for its bipartisan reauthorization of the Terrorism Risk Insurance Act (TRIA) for…

201912.17
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CIAT Joins Other Trade Groups to Urge Senate Passage of TRIA Reauthorization

Download the full letter here. Dear Majority Leader McConnell and Democratic Leader Schumer: The undersigned organizations, representing a wide variety of business interests, strongly support S. 2877, the Terrorism Risk Insurance Program Reauthorization Act of 2019, and urge the Senate to act on this legislation as soon as possible. S. 2877 is a bipartisan compromise…

201911.20
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CIAT Commends Senate Banking Committee for Passage of Terrorism Risk Insurance Program Reauthorization

WASHINGTON, DC, Nov. 20, 2019— The Coalition to Insure Against Terrorism (CIAT), which represents the insurance policyholder community throughout the transportation, real estate, manufacturing, construction, entertainment, education, retail, and other sectors, strongly supports the Terrorism Risk Insurance Program Reauthorization Act of 2019, S. 2877 as it was unanimously adopted today by the Senate Committee on…