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Group of 117 CEOs Calls on Congress to Extend TRIA

A group of top executives from 117 companies with offices in New York City has called on leaders in the U.S. House to move quickly to pass an extension to the federal Terrorism Risk Insurance Act before it expires...
July 31, 2014

A group of top executives from 117 companies with offices in New York City has called on leaders in the U.S. House to move quickly to pass an extension to the federal Terrorism Risk Insurance Act (TRIA) before it expires. In separate letters sent July 8 to leaders in the U.S. House and Senate, the Property Casualty Insurers Association of America (PCI) and the National Association of Mutual Insurance Companies (NAMIC) said TRIA is a “vital program,” which has succeeded in fostering a robust terrorism insurance market at virtually no cost to the federal government. PCI and NAMIC were joined by the U.S. Chamber of Commerce and the Commercial Real Estate Financial Council.

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