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…


CIAT Thanks House Financial Services Committee for Approving Reauthorization Bill

WASHINGTON, DC — The Coalition to Insure Against Terrorism (CIAT) today applauded the House Financial Services Committee for approving legislation to reauthorize the Terrorism Risk Insurance Act (TRIA) and urged House and Senate leaders to move quickly toward final passage. “TRIA is essential to US economic stability and provides an invaluable safeguard against the devastating…