201409.11
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What’s new with TRIA? Nothing at all

BY ARTHUR D. POSTAL, PROPERTYCASUALTY360.COM WASHINGTON—There appears to be no momentum for House action on legislation reauthorizing the federal backstop on terrorism risk insurance during the current two-week session. The current version of the Terrorism Risk Insurance Act sunsets Dec. 31. But, Congress is expected to be out of session from Sept. 19th until after the mid-term…

201408.25
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Terrorism Insurance Set to Expire for Strip Properties

By Las Vegas Chamber via 8NewsNow LAS VEGAS — Federal dollars that insure Las Vegas in the event of a terrorist attack could soon run out. Both Nevada U.S. senators say they’re working to renew federal terrorism insurance. The Terrorism Risk Insurance Program Reauthorization Act allows the federal government to help pay for any damage…

201407.23
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CEOs push terrorism insurance to Congress

By Chris Bragg on Crain’s New York Business New York City CEO’s—117 of them—signed onto a letter urging Republicans in Congress to reauthorize legislation providing a federal backstop for terrorism insurance. Conservatives are looking to scale back and phase out the program. More than 100 New York City CEOs are calling on House Republicans in Congress to…

201407.17
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GOP rift holds up terrorism insurance bill

By Jarrad Saffren, USA TODAY WASHINGTON — A bill that would extend legislation with bipartisan and industry support is being held up by internal disagreements among House Republicans, Rep. Pete King, R-N.Y., said Wednesday. The legislation protects property owners against financial losses from terrorist attacks, which insurers and developers say is critical to keeping large construction…

201406.12
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House Committee Unveils TRIA-Extension Bill with 5-Year Term

By Arthur D. Postal, Property Casual 360 The Terrorism Risk Insurance Act would be reauthorized in its present form but with much greater industry liability for five years under legislation to be unveiled today by House Financial Services Committee Republicans. That represents a compromise from an earlier draft, which proposed to extend the current program…