TRIA Fight About to Get Ugly

Insurers, insureds, agents, brokers, and other stakeholders are meeting to discuss U.S. House draft bill that would phase out TRIA over three years.

Stakeholders seeking reauthorization of the Terrorism Risk Insurance Act (TRIA) are holding an emergency meeting today to discuss next steps in the wake of an alarming draft House bill that would effectively phase out the program over three years.

“It is about to get ugly,” was the way a key industry lobbyist summed up the draft of the Terrorism Risk Insurance Modernization Act (TRIM) proposal.

Originally published on PropertyCasualty360. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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