Economic
Stability
TRIA ensures US businesses can obtain the terrorism risk insurance coverage necessary to protect against the devastating consequences of a catastrophic terrorist attack.
Job
Creation
In the wake of 9/11, more than 300,000 US 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.
Fiscal
Responsibility
TRIA has cost US taxpayers virtually nothing. Insurers and policy holders are required to bear first dollar losses and meet deductibles before the federal government steps in.
Bipartisan
Support
Congress has reauthorized TRIA four times with overwhelming, bipartisan support, most recently in December 2019.
Latest News
2Jul
Treasury’s June 30 Report on TRIA Favorably Cites CIAT’s Comment Letter
Under the Terrorism Risk Insurance Act of 2002, as amended (TRIA),1 the Secretary of the Treasury (Secretary) is required to submit a report regarding the Terrorism Risk Insurance Program (TRIP or Program) to the Committee...
11Jun
CIAT Files Comments on the Effectiveness of the Terrorism Risk Insurance Program
Download the full letter here. June 11, 2020 Federal Insurance OfficeATTN: Richard Ifft, Room 1410 MTU.S. Department of the Treasury1500 Pennsylvania Avenue NWWashington, DC 20220 RE: 2020 Report on the Effectiveness of the Terrorism Risk...
Testimonials
Congress passed TRIA to ensure that terrorism risk insurance coverage would remain available and affordable, and since that time, the program has been effective at doing just that.