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Failing to Renew TRIA Could Jeopardize National Security

Failing to reauthorize the Terrorism Risk Insurance Act (TRIA), which will expire Dec. 31, 2014, could have negative consequences for U.S. national security...
March 13, 2014

Failing to reauthorize the Terrorism Risk Insurance Act (TRIA), which will expire Dec. 31, 2014, could have negative consequences for U.S. national security. That’s according to a report from the RAND Corp., “National Security Perspectives on Terrorism Risk Insurance in the United States”.

Neither the U.S. House or Senate has passed legislation that would extend the program, even though RAND found that terrorism remains a threat. The report also said that access to appropriately priced terrorism coverage can promote economic growth, and that recovery and rebuilding would be quicker and more efficient if the take-up rate for coverage is high.

PIA strongly supports reauthorization of TRIA. Renewal of the terrorism risk program will be a key issue of focus as PIA members meet with members of Congress during the upcoming PIA Federal Legislative Summit March 26-27.

RAND TRIA Report – Key Findings(3/6/14)

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