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Extension Again Sought for TRIA.(Terrorism Risk Insurance Act)(Brief Article)
Washington -- A bill has been introduced to extend the Terrorism Risk Insurance Act of 2002 which is due to expire by the end of the year.
The Terrorism Insurance Backstop Extension Act of 2005 seeks to extend the insurance backstop provided in the 2002 bill until 2007.
Reps. Michael Capuano, D-Mass., Steve Israel, D-N.Y., Barney Frank, D-Mass., Paul Kanjorski, D-Pa., and Joseph Crowley, D-N.Y., are the sponsors of the bill, the Mortgage Bankers Association reports.
Kurt Pfotenhauer, senior vice president of government affairs, MBA, said, "There is a growing Hill recognition for the vital role TRIA plays in maintaining the stability of the commercial real estate finance industry."
The mortgage bankers' trade association is "hopeful that the House Financial Services Committee can forge a bipartisan solution and act now to extend the program."
In the absence of such a backstop, it is possible that there ...
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Although a stop-gap terrorism insurance measure remains in place for...permanent solution. The Terrorism Risk Insurance Extension Act of 2005 (TRIEA...to keep a temporary federal terrorism insurance mechanism in place through...
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...experts said. Passage of the Terrorism Risk Insurance Act is likely to save business a...in insurance issues. The cost of terrorism insurance skyrocketed after Sept. 11 in part...first should compare the price of the terrorism insurance offered by the stand-alone carrier...
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- Magazine article from: Mortgage Banking August 1, 2006 700+ words
...than-expected increases in terrorism-insurance premiums and fewer borrowers...noted Fitch. The Terrorism Risk Insurance Extension Act of 2005 (TRIEA...to keep a temporary federal terrorism-insurance mechanism in place through...
- Terrorism insurance called inadequate.(Terrorism Risk Insurance Act)
- Magazine article from: Security Management Gips, Michael A. September 1, 2005 700+ words
...the Terrorism Risk Insurance Act (TRIA...up rates" for terrorism insurance are too low...businesses are buying terrorism insurance. A significant...organizations purchasing terrorism insurance by subsidizing...
- Security Solutions Firm Offers Product to Help Insurance Companies Set Premiums...
- Press release article from: PR Newswire April 2, 2003 700+ words
...premiums for terrorism insurance, as mandated...Terrorism Risk Insurance Act of 2002...developed the Terrorism Insurance Risk Profile...set these terrorism insurance premiums...Terrorism Risk Insurance Act of 2002...
- New Terrorism Insurance law. (Insession).(Terrorism Risk Insurance Act of...
- Magazine article from: Journal of Property Management Druckman, Amanda March 1, 2003 700+ words
The Terrorism Risk Insurance Act of 2002, H.R. 3210, signed by President Bush last...insurance policies in all 50 states must offer traditional terrorism insurance coverage and voids all existing property and casualty insurance...
- Terrorism Insurance: Effects of the Terrorism Risk Insurance Act of 2002.
- General Accounting Office Reports & Testimony June 1, 2004 700+ words
...Terrorism Risk Insurance Act (TRIA...policyholders obtain terrorism insurance and give...affected the terrorism insurance market...Terrorism Risk Insurance Program office...availability of terrorism insurance for commercial...
- Terrorism Insurance: Implementation of the Terrorism Risk Insurance Act of 2002.
- General Accounting Office Reports & Testimony May 1, 2004 700+ words
...Congress passed the Terrorism Risk Insurance Act (TRIA) in 2002 to help...casualty policyholders obtain terrorism insurance and give the insurance industry...fully staffed the Terrorism Risk Insurance Program office, and begun data...
- Rebooting terrorism insurance. (Cover Report:...
- Magazine article from: Mortgage Banking Warson, Albert September 1, 2002 700+ words
...alone, blaming terrorism-insurance market uncertainty...sized gap in terrorism insurance coverage. That...passed the Terrorism Risk Insurance Act of 2002...accessible, affordable terrorism insurance coverage since...
- House passes extension of terrorism-insurance law with veto threat...
- Magazine article from: Mortgage Banking November 1, 2007 700+ words
...current federal terrorism-insurance backstop. Passed...the Terrorism Risk Insurance Revision and...original Terrorism Risk Insurance Act, which...temporary federal terrorism-insurance mechanism in...the Terrorism Risk Insurance Program ...
Source: HighBeam Research, Extension Again Sought for TRIA.(Terrorism Risk Insurance Act)(Brief...