Filed Under:Risk Management, Loss Control

Bill Introduced to Extend TRIA for 10 Years

WASHINGTON—Legislation to extend the Terrorism Risk Insurance Act for a decade has been introduced in the House.

Sponsored by Rep. Bennie Thompson (pictured at left), D-Miss, the ranking minority member of the House Homeland Security Committee, the “Fostering Resilience to Terrorism Act of 2013” would also designate the U.S. Department of Homeland Security as the lead agency in the certification process, switching control from the Treasury Department, and adding a provision on information sharing for insureds. 

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