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Terrorism Risk Insurance Act TRIA

Following the terrorist attacks of September 11, 2001, insurers backed out of the terrorism insurance market place prompting Congress to create a federal reinsurance backstop program in the Terrorism Risk Insurance Act (TRIA) of 2002, which also mandated that insurers make terrorism coverage available along with its property and casualty lines.

NAR: Terrorism Insurance Extension Gains

NAR President Steve Brown talks about the Terrorism Risk Insurance Act (TRIA) and NAR's support of the bipartisan bill to extend it for seven years.