While insurance-industry representatives are throwing their support behind a bill to extend the Terrorism Risk Insurance Act in its current form, recent comments from other interests show that TRIA proponents will have their work cut out for them to prove that the program is still necessary.
Legislation that would extend the current Terrorism Risk Insurance Act program until 2019 was introduced Tuesday in the House with Rep. Rep. Michael Grimm, R, and Carolyn Maloney, D, both from New York, as primary sponsors.
Among those urging a thorough debate is the R Street Institute, a Washington-based conservative think tank.
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