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Reset Provision Stirs New TRIA Debate

A key test of congressional support for a provision in a bill extending the federal terrorism reinsurance program that would provide a trigger and deductible break for those insuring areas previously

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A key test of congressional support for a provision in a bill extending the federal terrorism reinsurance program that would provide a trigger and deductible break for those insuring areas previously hit by a terrorist attack–such as New York–will take place on July 24.

That’s when the Capital Markets Subcommittee of the House Financial Services Committee holds the first markup of H.R. 2761, the Terrorism Risk Insurance and Extension Act of 2007.

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