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…


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,…