The Risk and Insurance Management Society Inc. pledged yesterday to continue its efforts to extend the Terrorism Risk Insurance Act despite a Treasury Department report that any further federal backstop for the industry should be limited in nature.

"The recommendations issued in the Treasury Department report on the future of TRIA [which expires Dec.31] do not reflect the reality of the current environment," said RIMS President Ellen Vinck in a statement.

"The removal of a federal backstop for terrorism insurance needlessly puts our nation's economy at risk," said Ms. Vinck

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.