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The Right Way to
Protect Our Economy

TRIA ensures U.S. businesses have access to terrorism risk insurance, promoting long-term stability of job-creating industries at virtually no cost to taxpayers.

What is TRIA?

The Terrorism Risk Insurance Act, created by Congress with strong bipartisan support in the wake of the Sept. 11, 2001 terrorist attacks, is a piece of legislation that has enabled the private insurance markets to provide an essential type of coverage that otherwise wouldn’t exist; has helped to create thousands of jobs; has cost next to nothing; and incentivizes the private markets to take a first loss position in the event of another terrorist strike. It is legislation that works and that can be embraced by individuals throughout the political spectrum.  It is scheduled to sunset at the end of this year and must be reauthorized. 


TRIA ensures U.S. businesses can obtain the terrorism risk insurance coverage necessary to protect against the devastating consequences of a catastrophic terrorist attack.


In the wake of 9/11, more than 300,000 U.S. jobs were lost due to the lack of terrorism risk insurance in the marketplace. TRIA ensures the long-term stability of commercial property financing, construction, and other job-creating industries.

TRIA has cost U.S. taxpayers virtually nothing. Insurers and policy holders are required to bear first dollar losses and meet deductibles before the federal government steps in.

Congress has reauthorized TRIA four times with overwhelming, bipartisan support, most recently in December 2019. 



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