GOP Senator Blocks Renewal Of TRIA

A Republican senator Tuesday blocked a bill that would have renewed a government program credited with reviving the market for insurance against terrorist strikes after the Sept. 11 attacks. The objections of Oklahoma Sen. Tom Coburn, who is retiring this year, dimmed chances for any action in the waning hours of the lame-duck session of Congress. The terrorism risk insurance program was originally enacted in 2002 after the 9/11 attacks caused the private market for terrorism insurance to collapse.