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PIA Urges House Committee to Renew TRIA
PIA National has urged members of the House Financial Services Committee Subcommittee on Capital Markets to act to renew the Terrorism Risk Insurance Act ...
TRIA Hearing Set for This Week
The House Financial Services Committee's subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises will hold a hearing on the federal ...
Bush Administration Opposes TRIA Renewal Bill
Testifying before the House Financial Service Committee's Capital Markets, Insurance and Government-Sponsored Enterprises Subcommittee, David G. Nason, ...
New TRIA Extension Bill Would Add Group Life
A House bill to extend the Terrorism Risk Insurance Act (TRIA) has been introduced by Rep. Barney Frank (D-Mass.), Chairman of the House Financial Services...
White House Not Pleased With 15-Year TRIA Extension Bill Passed by House Committee
Originally proposed in 2002 by President Bush, the Terrorism Risk Insurance Act no longer enjoys the support of the Bush Administration. The Administration has ...
PIA Says TRIA Bill Has Support to Override Threatened Veto
Despite the fact that President Bush has threatened to veto a House-passed bill extending the Terrorism Risk Insurance Act for 15 years and expanding it,...
Senate Banking Committee to Vote on TRIA Extension Wednesday
The Senate Banking Committee is tentatively set to vote on its version of legislation extending the Terrorism Risk Insurance Act (TRIA) on Wednesday October ...
Senate Banking Committee Advances Seven-Year TRIA Renewal
PIA has praised the Senate Banking Committee for passing a bill on October 17 that renews the Terrorism Risk Insurance Act (TRIA) for seven years....
Rep. Frank Threatens to Push 120-Day Extensions for TRIA, Flood Bill
Rep. Barney Frank (D-Mass.), who chairs the House Financial Services Committee that produced the House bills, said if the Senate avoids compromise and adopts...
Senate Passes Seven-Year TRIA Extension Bill
Hours before adjourning for a week-long Thanksgiving recess, the Senate passed by unanimous consent a bill extending the Terrorism Risk Insurance Act (TRIA) ...
Congress Returns for Pre-Holidays Session With TRIA On the Agenda
Members of Congress are back in town this week following their Thanksgiving recess. They're facing a crowded agenda. One of the items awaiting final action...
House to Consider TRIA Extension Bill This Week
The House is set to consider this week a bill to extend the Terrorism Risk Insurance Act (TRIA). The Senate has already passed a bill...
TRIA Extension is Signed by President Bush
With only five days left before the Terrorism Risk Insurance Act was set to expire on Dec. 31, 2007, President Bush signed into law legislation...
S&P: TRIA Renewal Provides Commercial Lines Stability
The renewal of the Terrorism Risk Insurance Act (TRIA) will provide a measure of stability going forward in the commercial lines market, according to the...
Some Small Towns Buying Terrorism Insurance
Many small rural and suburban towns in the U.S. are protecting their police stations and water towers with terrorism insurance, although officials say there ...
GAO Study Finds Terror Cover Tough For Some
Although most commercial policyholders can readily find terrorism insurance, owners of large, high-value properties in areas viewed as "high risk" of a ...
Wharton School Recommends Short-term Extension of TRIA, Long-Term Solution
A 224-page report from the University of Pennsylvania's Wharton School of Business recommends that Congress renew the current federal Terrorism Risk Insurance ...
GAO: Insurers Still Exclude Terrorist Attack Coverage
Property and casualty insurers generally still seek to exclude coverage for damage from attacks involving nuclear, biological, chemical, or radiological ...
Cuts in TRIA Proposed by President Obama
President Obama says he wants to trim federal subsidies for coverage under the Terrorism Risk Insurance Act, a move strenuously opposed by many insurers. ...
Treasury Seeks Terrorism Insurance Comments
The Treasury Department is seeking comments on the long-term availability and affordability of terrorism risk insurance. The Treasury said the Terrorism Risk ...
Carriers Tell Treasury TRIA Is Still Needed
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 ...
Obama Plan to Cut TRIA Support Sparks Protest
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...
Terrorism Insurance Capacity Up, Demand Flat
The availability and affordability of terrorism risk insurance provided by the private sector has improved since 2006, according to a report prepared by the ...
Terrorism Risk Up, Obama Says Cut TRIA Subsidies
In testimony before Congress on February 9, securities officials said that the risk of terrorist attacks is increasing because of radicals associated with al ...
Insurance and Vigilance Following the Killing of Osama bin Laden
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...
Deal for Six-year TRIA Reached, Hits Possible Snag
After several days of intense negotiations and the involvement of House leadership, a deal has been reached between the House and the Senate to reauthorize the ...
Statement by PIA on Failure of Senate to Pass TRIA
WASHINGTON – The National Association of Professional Insurance Agents is shocked and dismayed that Congress would adjourn without doing its job by passing a ...