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Survey Finds Support for TRIA.(Brief Article)
A survey of 40 commercial/multifamily mortgage banking firms by the Mortgage Bankers Association finds that all the 29 respondents favor the extension and reauthorization of the Terrorism Risk Insurance Act of 2002, the trade group reports.
The survey respondents, who together did more than $115 billion in debt financing for 2003, believe that a failure to re-enact the law will adversely impact the commercial/multifamily real estate market, the MBA said.
Twenty-eight respondents said that TRIA had made terrorism insurance more available, while 18 of 23 respondents who responded to a question about the cost of terrorism insurance believe that the legislation has made terrorism insurance less expensive.
And 23 of the respondents believe that prior to the passage of TRIA in November 2002, the absence of terrorism insurance had delayed or prevented some commercial real estate ...
- Terrorism Insurance - Congress Must Extend the Federal Terrorism Risk Insurance...
- Press release article from: PR Newswire July 23, 2004 700+ words
...industries and entities relying on TRIA. TRIA was enacted with bipartisan support...an uninsurable risk. The terrorism insurance market dried up. Many types of...economic victims of terrorism. TRIA has stabilized the commercial...
- Realty Industry Asks for Expansion of Terrorism Insurance Law: TRIA has been...
- Magazine article from: National Mortgage News Thangavelu, Poonkulali March 12, 2007 700+ words
...backstop provided by TRIA has also helped. If...that absent a backstop terrorism insurance may become unavailable...not if. Calling the TRIA program an "unqualified...He concluded that TRIA is "not about protecting...available and affordable terrorism insurance will not only ...
- TRIA extension measure attracts support from insurance...
- Magazine article from: Business Insurance Hofmann, Mark A. July 5, 2004 700+ words
...industry groups is calling the Terrorism Insurance Backstop Extension Act a "positive...Risk Insurance Act this year. TRIA, which would provide a federal...Texas, last week introduced the Terrorism Insurance Backstop Extension Act-H...
- TRIA extension bill good, can get better.(laws of terrorism insurance)(Brief...
- Magazine article from: Business Insurance June 25, 2007 700+ words
...months before the existing federal terrorism insurance backstop is set to expire. As we...bring long-term certainty to the terrorism insurance marketplace by extending the federal...concerns receive a fair hearing because terrorism insurance is not a partisan issue-it's...
- Extension of TRIA only a short-term fix.(Congress approval for terrorism...
- Magazine article from: Business Insurance December 26, 2005 700+ words
...scaled-back version of the federal terrorism insurance backstop through the end of 2007...that returns some certainty to the terrorism insurance market comes as good news. But...problems associated with providing terrorism insurance by itself made the House bill the...
- Cutting back TRIA would be foolhardy.(terrorism insurance coverage)(Brief...
- Magazine article from: Business Insurance May 18, 2009 700+ words
...ALMOST ANY reasonable measure, the federal government's terrorism insurance backstop program has been a success. The program restored...as destructive as one detonated by a foreign one. The terrorism insurance backstop has proved its worth. There's no appetite...
- Support for revamped TRIA growing.(Terrorism Risk Insurance Act )
- Magazine article from: Mortgage Banking September 1, 2005 700+ words
...policyholders. TRIA allows commercial...borrowers to obtain terrorism insurance coverage at a...while satisfying terrorism insurance requirements of...commercial servicers. TRIA is set to expire...expiration of TRIA will only exacerbate the lack of terrorism ...
- Treasury releases TRIA report.(Commercial)(Terrorism Risk Insurance Act)
- Magazine article from: Mortgage Banking August 1, 2005 700+ words
...of 2002 (TRIA) has achieved...stabilizing the terrorism insurance market following...satisfying the terrorism insurance requirements...servicers. TRIA is set to...removal of the TRIA subsidy is...to be less terrorism insurance written by...