Here we are, five years after hijackers took down the World Trade Center, and our country still hasn’t committed to any long-term strategy for making sure the economy in general–and the insurance industry in particular–can handle terrorism exposures.

The clock is ticking, with the Terrorism Risk Insurance Extension Act due to expire next year. Critics keep ignorantly dismissing TRIA’s federal security blanket as a bailout, forcing the industry to depend on the likes of Sen. Hillary Clinton, D-N.Y., for support.

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?



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.