Tag Archives: Terrorism Risk Insurance Act

Update: TRIA (Terrorism Risk Insurance Act) Reauthorization Being Fast-Tracked

Back on December 19th we wrote about the impact that an expiration of TRIA on December 31 could have on the availability of certain types of insurance coverage! ‘If TRIA expires, commercial insurers will no longer be required to offer terrorism coverage beginning January 1. Without a federal backstop, insurers may seek to limit underwriting […]

Commercial Real Estate and what the expiration of TRIA could mean!

TRIA, or the Terrorism Risk Insurance Act , was passed into law in 2002 to ‘put a temporary federal backstop program in place that would allow for a public and private sharing of insured losses resulting from future acts of terrorism against the United States’. Due to a failure by the US Senate to pass an […]