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News Archive: Terrorism Insurance

GAO Report on TRIA: The Market is Working

An interim government report on terrorism insurance issued last week contains basically good news: commercial property terrorism insurance coverage is available nationwide at reasonable rates. (Posted: 7/15/2008)

NAMIC Meets with GAO on Government’s New Terrorism Insurance Backstop

NAMIC representatives met with the Government Accountability Office March 28 to discuss the GAO's studies regarding terrorism insurance for nuclear, biological, chemical, and radiological risks, as well as terrorism insurance availability and affordability in specific markets as mandated by the latest extension of the Terrorism Risk Insurance Act. (Posted: 4/1/2008)

U.S. Treasury Clarifies Guidance on New TRIA Legislation

Insurers with questions about implementing the government's renewed terrorism insurance backstop program have a new tool to help, as the Treasury Department released the newest interim guidance. (Posted: 2/5/2008)

U.S. Treasury Issues Interim Guidance on TRIA

The U.S. Treasury Department issued interim guidance on Dec. 31concerning the Terrorism Risk Insurance Reauthorization Act of 2007. The notice provides interim guidelines to insurers, policyholders, state insurance regulators, and the public concerning changes to the Terrorism Risk Insurance Act of 2002. (Posted: 1/15/2008)

President Signs TRIA

The federal government’s backstop on terrorism risk insurance has been continued through 2014. With only five days before the former program was due to expire, President Bush signed H.R. 2761 – the Terrorism Risk Insurance Program Reauthorization Act of 2007 on Dec. 26. (Posted: 1/8/2008)

NAMIC Commends Congress on Passage of TRIA Legislation

NAMIC commented Tuesday in response to final congressional approval of H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007. (Posted: 12/18/2007)

Report: TRIA Extension Likely by End of Year

You may have seen some reports that the House is considering another TRIA bill that is different than the Senate-passed bill. Please do not get confused by what are end-of-the-session maneuvers between the House and Senate. (Posted: 12/12/2007)

House Chairman Supports TRIA Extension Without NBCR Component

The House Rules Committee met last week to set up a rule for the House of Representatives to vote on an amended version of TRIA that would extend it for seven years, lower the trigger level from $100 million to $50 million, but not include the nuclear, biological, chemical, and radiological mandate. (Posted: 12/11/2007)

TRIA: All Indications are ‘Go’

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. (Posted: 12/4/2007)

Senate Passes TRIA Legislation

With only a few hours before the scheduled Thanksgiving break, members of the U.S. Senate on Friday approved S 2285, the Terrorism Risk Insurance Program Reauthorization Act, to extend the government’s terrorism risk insurance program. (Posted: 11/20/2007)

Rep. Frank Threatens to Delay New TRIA Legislation (11/6/2007)

NAMIC Praises Latest Terrorism Insurance Legislation (10/23/2007)

NAMIC Praises Senate Terrorism Insurance Legislation (10/17/2007)

Handycapping Federal Legislative Issues (10/16/2007)

Taxpayers, Policyholders Benefit from Terrorism Risk Insurance Program (10/10/2007)

TRIEA Expiration Date Draws NAMIC Members to Capitol Hill (10/9/2007)

Congressional Action Heating Up (10/9/2007)

TRIA Legislation Passes House (9/25/2007)

NAMIC Applauds House Passage of TRIA Legislation, Urges Swift Senate Action (9/19/2007)

Insurers, Policymakers Continue to Deal with Potential Economic Fallout of Terrorism (9/13/2007)

House Postpones Vote on TRIA Bill (9/11/2007)

NAMIC: D.C. Office Gears Up for 2nd Half of 2007 (8/28/2007)

NAMIC Takes Stock of Issues Facing Property/Casualty Industry During August Recess (8/14/2007)

TRIA: Essential Legislation Advances As NAMIC Works to Improve Bill (8/1/2007)

NAMIC: Association Commends House Subcommittee Action on Terrorism Legislation (7/31/2007)

NAMIC Encouraged by House Subcommittee Action on Terrorism Legislation (7/24/2007)

NAMIC: NBCR, Farmowners Multi-peril Language Mar TRIA Proposal (7/17/2007)

NAMIC: Warren Heck Testifies to Remove NBCR Provisions from TRIA Proposal (6/26/2007)

NAMIC, PCI to Congress: Adopt Long-term TRIA Program Without NBCR (6/21/2007)

NAMIC Urges Lawmakers to Remove NBCR Coverage from TRIA Extension Draft (6/19/2007)

NAMIC Members Meet With Sen. Dodd’s Office on TRIA (6/12/2007)

New York: Insurers, State Reach World Trade Center Settlement (6/6/2007)

Trade Associations Appeal to Congressional Leaders to Keep Mandatory NBCR Coverage Out of TRIA Extension Proposal (5/24/2007)

NAMIC Member Alert: NBCR and TRIA (5/23/2007)

Report: Emerging Risks Impeding Business Development; Leaders Lack Understanding of Real Risks (5/15/2007)