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Insurance and Vigilance Following the Killing of Osama bin Laden
(5/3/2011)
In a late night appearance at the White House Sunday, President Obama announced that Osama bin Laden, the head of Al Qaeda, the terrorist organization that orchestrated the worst attack on the U.S. in modern history, died in a firefight with American forces in Pakistan on May 1... Full Story
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Terrorism Risk Up, Obama Says Cut TRIA Subsidies
(2/15/2011)
In testimony before Congress on February 9, securities officials said that the risk of terrorist attacks is increasing because of radicals associated with al Qaeda within the U.S... Full Story
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Terrorism Insurance Capacity Up, Demand Flat
(2/2/2011)
The availability and affordability of terrorism risk insurance provided by the private sector has improved since 2006, according to a report prepared by the President’s Working Group on Financial Markets... Full Story
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Obama Plan to Cut TRIA Support Sparks Protest
(9/15/2010)
Nine years after the terrorist attacks of September 2001, the Obama Administration is proposing to scale back the Terrorism Risk Insurance Act of 2002, a program that makes terrorism insurance more available and more affordable... Full Story
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Carriers Tell Treasury TRIA Is Still Needed
(8/31/2010)
Swiss Re and Lloyd’s are urging the federal government to extend its terrorism risk insurance program, saying the private insurance market does not have adequate capital to cover the risk of terrorist attacks... Full Story
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Treasury Seeks Terrorism Insurance Comments
(6/15/2010)
The Treasury Department is seeking comments on the long-term availability and affordability of terrorism risk insurance... Full Story
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Cuts in TRIA Proposed by President Obama
(5/12/2009)
President Obama says he wants to trim federal subsidies for coverage under the Terrorism Risk Insurance Act, a move strenuously opposed by many insurers... Full Story
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GAO: Insurers Still Exclude Terrorist Attack Coverage
(12/23/2008)
Property and casualty insurers generally still seek to exclude coverage for damage from attacks involving nuclear, biological, chemical, or radiological weapons (NBCR), according to a new report released by the Government Accountability Office... Full Story
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