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Claims News Service, Oct. 3, 2:31 p.m. EST — A new report from the President’s Working Group on Financial Markets (PWG) provides updated insight into the Terrorism Risk Insurance Extension Act (TRIEA) of 2005 and the long-term availability and affordability of insurance for terrorism risk as well as coverage for chemical, nuclear, biological, and radiological (CNBR) events. TRIEA provides a federal backstop to limit the potentially devastating losses insurance companies could incur following a terrorist attack.

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