Search
 

Cbo Calls Tria Unncessary

Insurers fire back, but renewal is in jeopardy

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In a blow to the prospects for renewing the federal backstop for terrorism coverage that expires at the end of this year, the Congressional Budget Office (CBO) issued a report critical of the program in January. The CBO argues that the Terrorism Risk Insurance Act (TRIA) discourages businesses from making changes that would lessen losses in the case of another terrorist attack and makes it less likely that the insurance industry will come up with alternative methods of insuring against terrorism. Longer term, the backstop could hurt the economy “by delaying the private sector’s adjustment to a continuing risk of terrorism,” it says.

This premium content is locked for
Treasury & Risk subscribers only.

Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.

Recommended Stories

Companies Spent Their Summer Vacation Selling Bonds

Brian Chappatta |

Although August was supposed to be slow, prudent finance teams have seen this month's surpisingly low rates as a reason to delay summer vacations and issue debt instead.

No More Red, Yellow, and Green

Nicola Sanna |

How to quantify cybersecurity benefits and manage cyber risks like other operational risks.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.