Congress passed TRIA to ensure that terrorism risk insurance coverage would remain available and affordable, and since that time, the program has been effective at doing just that.

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee

“Should TRIPRA expire without a replacement, insurers with the ability to do so will likely deploy terrorism capacity only for preferred locations and pricing. Reinsurers are also likely to only provide additional capacity at notably higher rates, which could create capacity shortfalls for some central business districts and employers with significant workers’ compensation accumulations. As such, a federal backstop remains...
2019 Terrorism Risk Insurance Report
2019 Terrorism Risk Insurance Report

May 24, 2019

[TRIA] has made terrorism risk insurance available and affordable in the United States, and the market for terrorism risk insurance has been relatively stable for the past decade.
Report on the Effectiveness of the Terrorism Risk Insurance Program, 2018

Report on the Effectiveness of the Terrorism Risk Insurance Program – Federal Insurance Office, U.S. Department of the Treasury

June 2018

As residents of the birthplace of the skyscraper, Chicagoans have the right to stand in the shadows of the tallest buildings in the world, and the passage of TRIA ensures that our skylines will no longer suffer due to the threat of terrorism.
Sen. Mark Kirk (R-IL)
Sen. Mark Kirk (R-IL)

January 9, 2015

The level of importance of this legislation to our state cannot be understated. It protects jobs, promotes the Silver State, and keeps families working.
Sen. Dean Heller (R-NV)
Sen. Dean Heller (R-NV)

January 9, 2015

The Terrorism Risk Insurance Act has provided Las Vegas and cities across our nation financial security for years. This program is an absolute necessity in order to allow American cities to continue to build and expand their infrastructure. The Terrorism Risk Insurance Act has my full support.
Sen. Harry Reid (D-NV)
Sen. Harry Reid (D-NV)

January 9, 2015

Business owners need certainty when it comes to planning against risk, and they need to know we support them even if the worst were to happen... Passing TRIA stabilizes access to insurance and keeps premiums affordable, so businesses can focus on long-term planning and creating jobs.
Sen. Jon Tester (D-MT)
Sen. Jon Tester (D-MT)

January 9, 2015

This bill doesn’t just benefit New York… It benefits the skyscraper in Los Angeles, the sports stadium in Nebraska, the shopping center in Tennessee.
Sen. Chuck Schumer (D-NY)
Sen. Chuck Schumer (D-NY)

January 8, 2015