Economic
Stability
TRIA ensures US businesses can obtain the terrorism risk insurance coverage necessary to protect against the devastating consequences of a catastrophic terrorist attack.
Job
Creation
In the wake of 9/11, more than 300,000 US jobs were lost due to the lack of terrorism risk insurance in the marketplace. TRIA ensures the long-term stability of commercial property financing, construction and other job-creating industries.
Fiscal
Responsibility
TRIA has cost US taxpayers virtually nothing. Insurers and policy holders are required to bear first dollar losses and meet deductibles before the federal government steps in.
Bipartisan
Support
Congress has reauthorized TRIA four times with overwhelming, bipartisan support, most recently in December 2019.
Latest News
9Jun
Treasury Department Issues Final TRIA Regulations
Treasury Department issues final TRIA regulations to reflect the 2019 reauthorization and incorporate guidance issued in 2016 on cyber liability. SUMMARY: The Department of the Treasury (Treasury) is issuing this final rule to implement technical...
21Jan
CIAT and CIAB File Joint Comments on Proposed Technical Changes to the Terrorism Risk Insurance Program
As policyholders and brokers, CIAT and Council members are not in a position to comment on certain aspects of the NPRM that generally impact insurers only, but there are a number of issues upon which we are pleased to offer the collective views of our members.
Testimonials
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.