House Committee Unveils TRIA-Extension Bill with 5-Year Term
Jun 12, 2014
1 min read
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 for three years, but remains in contrast to legislation reauthorizing the program reported to the Senate floor June 3.
https://ausrealpokies.com is where I've followed similar debates about how long these extensions actually last, and it made the five-year term here stand out since it's a clear shift from the earlier three-year draft. The part about increased industry liability is what I keep coming back to, because that's the piece that quietly reshapes how insurers price their coverage. I've seen how a single term length in a bill changes underwriting decisions months before anything passes.