The American Insurance Association (AIA) expressed hope that a Capitol Hill hearing Tuesday focused on U.S. port security will provide federal policymakers with insights about the urgent need to extend the nation’s federal terrorism insurance backstop. The House Subcommittee on …
The American Insurance Association (AIA) has appointed Tammy Velasquez as vice president and director of state affairs. In her new role, Velasquez will work with AIA’s six regional teams to manage the association’s state-level resources and design strategies on key …
The House of Representatives has introduced legislation that would extend the Terrorism Risk Insurance Act (TRIA), which is set to expire at the end of 2005. The proposal, H.R. 1153, would keep a federal terrorism reinsurance backstop in place while …
U.S. Senators Robert Bennett (R-Utah) and Christopher Dodd (D-Conn.) reintroduced legislation today to extend the federal terrorism backstop for two more years. The current Terrorism Risk Insurance Act is set to expire on Dec. 31, 2005. The Dodd-Bennett bill would …
Rand Analysis Seen Boosting Argument for Extension of Federal Terrorism Backstop Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half of the $38.1 billion in benefits, according …
Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half of the $38.1 billion in benefits, according to a recent study. The results raise questions about the future …
In what the insurance industry reads as good news, the chairman of the House Financial Services Committee is preparing to send to the full committee a bill to extend the life of the Terrorism Risk Insurance Act (TRIA) for two …
The introduction of legislation in the Senate on Thursday to extend the Terrorism Risk Insurance Act of 2002 (TRIA) by two years “adds to the momentum for congressional action in 2004, and demonstrates bipartisan support for maintaining TRIA’s critical economic …
New legislation authored by several House Democrats to extend the Terrorism Risk Insurance Act of 2002 (TRIA) demonstrates strong, bipartisan congressional support for keeping TRIA’s temporary, yet vital, economic safety net fully in place while long-term solutions are being evaluated, …
At a press conference on Tuesday, four members of the House of Representatives introduced a bill extending the Terrorism Risk Insurance Act (TRIA). Both the American Insurance Association and the National Association of Mutual Insurance Companies praised the bill’s introduction, …
