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Terrorism Coverage Rule Extended One Year.(Brief Article)
The Treasury Department has extended a key provision of the Terrorism Risk Insurance Act that requires commercial property and casualty insurers to offer terrorism insurance policies for another year.
Treasury officials had until Sept. 1 to extend the "make available" provision of TRIA through 2005.
However, Treasury officials said they acted well in advance of the deadline "to avoid any potential disruption" in the insurance market.
They were also under pressure from real estate interests, lenders and congressional leaders to act quickly.
"The terrorism risk insurance program has been an important confidence builder as this country recovered from the attacks of Sept. 11 and the recession," ...
- House passes modified terrorism risk insurance extension.(Terrorism Risk...
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...passed a modified version of its extension of the Terrorism Risk Insurance Act (TRIA), which is set to expire at the...exclude from coverage. Passage of the revised Terrorism Risk Insurance Program Reauthorization Act of 2007, H.R...
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- Magazine article from: Mortgage Banking November 1, 2003 700+ words
...regulations under the Terrorism Risk Insurance Act of 2002, which was...requirements under the Terrorism Risk Insurance Act, and the other final...compensation funds under the Terrorism Risk Insurance Program. The Terrorism...
- Open Forum: Terrorism Risk Insurance.
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...hard to enact a federal backstop for terrorism risk insurance. The market for terrorism risk insurance was severely disrupted by the events...the president signed into law the Terrorism Risk Insurance Act of 2002. TRIA became effective...
- House passes extension of terrorism-insurance law with veto threat...
- Magazine article from: Mortgage Banking November 1, 2007 700+ words
...110, H.R. 2761, the Terrorism Risk Insurance Revision and Extension...would extend the original Terrorism Risk Insurance Act (TRIA) for 15 years...of a private market for terrorism-risk insurance. As Mortgage Banking...
- Future of TRIA Not Much Clearer Despite Renewed Debate.(Terrorism Risk...
- News wire article from: Mondaq Business Briefing December 20, 2006 700+ words
...and extension1, of the Terrorism Risk Insurance Act of 2002 (TRIA...itself completely from the terrorism risk insurance market. Background of...positive developments in the terrorism risk insurance market since September...
- Time is running out on terrorism risk insurance.(BOMA Files)
- Magazine article from: Buildings May 1, 2005 700+ words
...renewal, more and more building owners and managers are discovering that their terrorism risk insurance will sunset at year's end. The Terrorism Risk Insurance Act (TRIA) is a 3-year program that was signed into law by President Bush in...
- Terrorism insurance.(Treasury Department's survey to evaluate effectiveness of...
- Magazine article from: Emergency Preparedness News October 19, 2004 700+ words
...conducts the second wave of its survey of the terrorism risk insurance market and the effectiveness of the 2002 Terrorism Risk Insurance Act (TRIA). The answers provided by participants...
- Federal terrorism risk insurance backstop extended.(insession)(President George...
- Magazine article from: Journal of Property Management March 1, 2008 700+ words
The president signed the Terrorism Risk Insurance Revision Act of 2007 (H.R. 2761) into law...The law extends the federal government's terrorism risk insurance backstop, which was set to expire on December...
