WASHINGTON, DC — Coalition to Insure Against Terrorism (CIAT) spokesman Marty DePoy released the following statement urging the Senate to move quickly and approve the House-passed proposal to reauthorize the Terrorism Risk Insurance Act (TRIA): “It’s time to face facts: a critical law responsible for protecting our economy in the event of a catastrophic terrorist…
By Mark A. Hofmann, Business Insurance Insurers and other industry groups are welcoming Thursday’s 93-4 Senate vote to extend the federal terrorism insurance backstop for seven years. The Terrorism Risk Insurance Program Reauthorization Act of 2014 — S. 2244 — would maintain the current trigger for the program, which was created by the Terrorism Risk Insurance…
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…
Federal involvement in health insurance has been controversial on Capitol Hill, but Republicans and Democrats in Congress have shown few qualms about getting involved when it comes to the private terrorism-insurance market.
