201407.17
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GOP rift holds up terrorism insurance bill

By Jarrad Saffren, USA TODAY WASHINGTON — A bill that would extend legislation with bipartisan and industry support is being held up by internal disagreements among House Republicans, Rep. Pete King, R-N.Y., said Wednesday. The legislation protects property owners against financial losses from terrorist attacks, which insurers and developers say is critical to keeping large construction…

201407.17
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Senate Overwhelmingly Passes TRIA Legislation by 93-4 Vote

Bipartisan Legislation Would Extend Vital Program for Seven Years WASHINGTON, DC – The Coalition to Insure Against Terrorism (CIAT) today praised the Senate for overwhelmingly approving a seven-year extension of the Terrorism Risk Insurance Act (TRIA) and urged members of both houses to work quickly to get a bill to the president’s desk. Senators voted 93-4 to reauthorize…

201406.20
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CIAT Thanks House Financial Services Committee for Approving Reauthorization Bill

WASHINGTON, DC — The Coalition to Insure Against Terrorism (CIAT) today applauded the House Financial Services Committee for approving legislation to reauthorize the Terrorism Risk Insurance Act (TRIA) and urged House and Senate leaders to move quickly toward final passage. “TRIA is essential to US economic stability and provides an invaluable safeguard against the devastating…

201406.12
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House Committee Unveils TRIA-Extension Bill with 5-Year Term

By Arthur D. Postal, Property Casual 360 The Terrorism Risk Insurance Act would be reauthorized in its present form but with much greater industry liability for five years under legislation to be unveiled today by House Financial Services Committee Republicans. That represents a compromise from an earlier draft, which proposed to extend the current program…

201406.03
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CIAT Applauds Banking Committee’s Support of Terrorism Risk Insurance Act

WASHINGTON, DC, JUNE 3 — The Coalition to Insure Against Terrorism (CIAT) on Tuesday welcomed the Senate Banking, Housing and Urban Affairs Committee’s unanimous approval of the Terrorism Risk Insurance Program Reauthorization Act of 2014 and expressed hope that the full Senate and US Congress would work quickly to reauthorize the critical program. “Chairman Johnson,…