Insurance groups already are mapping their strategies for 2007, the year in which the Terrorism Risk Insurance Act again is set to expire. The act, which provides protection for insurance companies against extreme losses but has been deemed a temporary solution, was first approved in 2002 and received a last-minute extension at the end of 2005 from Congress before it expired.

In the meantime, though, how will the revised TRIA affect the insurance industry in the next two years? Risk Management Solutions determined that the newly passed act would shift the relative share of the risk from the government to the insurance industry.

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