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FIO: Set Aside a Portion of Terrorism Premiums
The Federal Insurance Office reports that lawmakers need to consider requiring insurers that participate in the Terrorism Risk Insurance Program to set aside a ...
Foo Fighters Settle Terrorism Insurance Lawsuit
Rock band settles with Lloyd's of London insurers.
Insurance Leaders Predict TRIA Renewal, Flood Delay
A survey of insurance industry leaders at the recent Insurance Information Institute’s Property and Casualty Insurance Joint Industry Forum shows that 93 ...
Greenberg: Private Insurers Better than TRIA
Former AIG Chairman Maurice “Hank” Greenberg made some news when he gave a speech at the National Press Club in Washington last week...
Victory: Congress Passes Six-year Renewal of TRIA
More one year of intensive efforts resulted in success on January 8, 2015, when the U.S. Senate passed a six-year renewal of the Terrorism Risk Insurance Act ...
Major Components of the New TRIA Law
On Monday, January 12, President Obama signed a six-year reauthorization of the Terrorism Risk Insurance Act...
Senate Poised to Consider TRIA Renewal, Obstacles Remain
Over the weekend, the U.S. Senate reached agreement and passed a sweeping $1.1 trillion spending bill Saturday night to fund most of the federal government ...
Air Strikes on ISIS Prompt Call to Renew TRIA
While President Barack Obama has declared the Islamic State of Iraq and Syria a "severe threat" to the United States and has begun airstrikes on ISIS targets ...
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 ...
Demand for Terrorism Insurance Increases
Although Congressional action on the Terrorism Risk Insurance Act is uncertain, demand for terrorism insurance in the private market has increased, leading to ...
Wall Street Journal Criticizes TRIA While Warning of Terrorism
The Wall Street Journal is taking flack for editorializing against the Terrorism Risk Insurance Act while at the same time saying that the United States must ...
TRIA, At Long Last
Exactly two weeks into the new year, on Jan. 14, 2015, the renewal of the Terrorism Risk Insurance Act went into effect...
S&P Predicts Congress Will Renew TRIA
Standard & Poor’s Corp. said in a recent analysis that Congress would reauthorize the Terrorism Risk Insurance Act, but the ratings firm cautioned that the ...
FIO Releases Guidance & Request for Comment Concerning TRIP
On February 4, 2015, the Federal Insurance Office, which helps to administer the Terrorism Risk Insurance Program on behalf of the Department of Treasury, ...
Smaller Firms Began Buying Terrorism Insurance After Boston Marathon Bombing
The bombings one year ago in Boston prompted small and midsize businesses to reconsider terrorism insurance, as damages and a 10-day closure due to the ...
Moody’s: Stakes for P/C Insurers High If Congress Shifts TRIA Burden
A new report on the effort to renew to the Terrorism Risk Insurance Act by Moody’s Investor’s Service says changes to TRIA could have market consequences...
 PIA TRIA Reauthorization Statement
Votes on TRIA Bills Likely in Senate, House This Week
Congressional staff say it is likely that bills to reauthorize and extend the Terrorism Risk Insurance Act will see floor votes in the U.S. Senate and House ...
PIA Praises Senate Passage of Bill to Reauthorize TRIA
PIA is praising the U.S. Senate for passing the Terrorism Risk Insurance Program Reauthorization Act (S. 2244)...
Prospects for TRIA Less Certain in House
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) threw cold water on any idea that the House would quickly follow suit and take up ...
Congress Back in Session This Week, Short Window for TRIA
Congress comes back into session this week following its 4th of July recess...
PIA to Attend Meeting of State Insurance Legislators in Philadelphia
The National Conference of Insurance Legislators (NCOIL), led by their President State Representative Charles Curtiss (TN), will hold its summer meeting in ...
PIA Hails Resolution Calling for Extension of TRIA
PIA National is hailing passage by the New York State Assembly of a resolution in support of extending the Terrorism Risk Insurance Act (TRIA)...
PIA Lauds NAIC Endorsement of TRIA Renewal
The National Association of Insurance Commissioners (NAIC) Government Relations Leadership Council unanimously passed a resolution supporting the ...
Government to Cover Cancer Treatment for 9/11 Responders
The National Institute for Occupational Safety and Health announced Sept. 10 that responders and survivors who were exposed to toxic compounds from the ...
On Capitol Hill: More Talk, Little Action
Congress is moving relatively slowly on insurance-related issues...
NAIC Summer Meeting Begins This Week
The National Association of Insurance Commissioners summer 2014 National Meeting will take place in Louisville, Kentucky, from Thursday, August 14 to Tuesday, ...
TRIA Remains Stalled in the House
Despite the fact that a seven-year renewal (S.2244) of the Terrorism Risk Insurance Act was passed in the Senate by an overwhelming, bipartisan vote of 93-4, ...
Message to Congress: America Still Needs TRIA
Numerous associations and businesses were on Capitol Hill last week urging Congress to approve a long-term reauthorization of the Terrorism Risk Insurance Act ...
GOP Lawmakers Urge Swift Long-term Extension of TRIA
A group of more than 40 Republican members of the House of Representatives is urging swift, long-term reauthorization of the Terrorism Risk Insurance Act, ...