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PIA: Congress' Foot-dragging on TRIA Couldn't Come at a Worse Time

One of things the insurance industry hates most is uncertainty, and with good reason: The ability to accurately assess and predict risk with reasonable certainty is key to success in the insurance business...
October 29, 2014

One of things the insurance industry hates most is uncertainty, and with good reason: the ability to accurately assess and predict risk with reasonable certainty is key to success in the insurance business.

That's why Congress' foot-dragging in renewing the Terrorism Risk Insurance Act (TRIA) couldn't come at a worse time. TRIA is even more important now that the U.S. is currently at war with the Islamic State of Iraq and Syria (ISIS) and officials say ISIS poses a "severe threat" to the U.S. PIA's Ted Besesparis assesses the TRIA debate in an article in the National Underwriter.