Congress would be doing the nation an economic injustice if it fails to renew an federal backstop for terrorism insurance, Rep. Michael G. Oxley, R-Ohio, told an insurance industry meeting this week.

“It would be a travesty of enormous proportions for our economy should we not be able to extend TRIA,” he told an audience of insurers and reinsurers at the annual meeting of the Property Casualty Insurers Association of America (PCI) in Chicago..

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

Already have an account?


© 2023 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.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.