201411.19
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CIAT Leaders Storm Capitol Hill to Urge Immediate TRIA Reauthorization

WASHINGTON, DC — The Coalition to Insure Against Terrorism (CIAT) will be on Capitol Hill today urging members of Congress to quickly approve a long-term reauthorization of the Terrorism Risk Insurance Act (TRIA). CIAT members will discuss the vital role TRIA plays in the nation’s economic and national security with dozens of member offices, placing…

201410.09
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Reauthorize TRIA Now: A One-Year Extension Would Further Threaten Our Economy

Despite clear consensus in Congress that the Terrorism Risk Insurance Act (TRIA) must be reauthorized, the issue somehow remains in limbo. This has already hurt the economy: the TRIA Program works solely on the basis of private insurers’ willingness to write such insurance, and questions about the program’s future are destabilizing. A one year (or shorter) stop-gap extension of TRIA actually exacerbates the problem. Insurers and their business customers need greater certainty to function properly, especially where long-term financing is involved. Kicking the can down the road to next year will, experts agree, sacrifice economic growth.

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…