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While nothing's officially been worked out yet, it appears key members of the House and Senate are committed to passing a terrorism risk insurance backstop bill before the current legislation expires Dec. 31. NAMIC has been heavily involved in meetings with staff members for the Senate Banking Committee and the House Financial Services Committee as they try to resolve differences in legislation.
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GAO Report on TRIA: The Market is Working (7/15/2008)
NAMIC Meets with GAO on Government’s New Terrorism Insurance Backstop (4/1/2008)
U.S. Treasury Clarifies Guidance on New TRIA Legislation (2/5/2008)
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