201408.25
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Terrorism Insurance Set to Expire for Strip Properties

By Las Vegas Chamber via 8NewsNow LAS VEGAS — Federal dollars that insure Las Vegas in the event of a terrorist attack could soon run out. Both Nevada U.S. senators say they’re working to renew federal terrorism insurance. The Terrorism Risk Insurance Program Reauthorization Act allows the federal government to help pay for any damage…

201408.01
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TRIA Talking Points

The Senate has already passed legislation (S. 2244) reauthorizing TRIA with an overwhelmingly bipartisan vote. However, the House is currently at an impasse on how to proceed to pass its own reauthorization bill (H.R. 4871). Time is running out. The House MUST act quickly to resolve their differences so Congress can take final action to renew the program this fall. We encourage House lawmakers to complete work to pass a long-term extension now.

201407.23
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CEOs push terrorism insurance to Congress

By Chris Bragg on Crain’s New York Business New York City CEO’s—117 of them—signed onto a letter urging Republicans in Congress to reauthorize legislation providing a federal backstop for terrorism insurance. Conservatives are looking to scale back and phase out the program. More than 100 New York City CEOs are calling on House Republicans in Congress to…

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,…