The Republican-controlled House is moving quickly to revive a lapsed government program thats credited with restoring the market for insurance against terrorism after the Sept. 11 attacks. The terrorism risk insurance program was originally enacted in 2002 after the 9/11 attacks caused the private market for terrorism insurance to collapse. It provides a government backstop for private insurance companies in the event of catastrophic losses. The guarantee has made private companies more willing to underwrite policies against terrorist attacks.
House Schedules Vote To Revive TRIA
Tuesday, January 6th, 2015
Legislation & Regulation
External References & Further Reading
http://www.usnews.com/news/business/articles/2015/01/05/house-gop-plans-vote-to-revive-terrorism-insurance-program



