After the immeasurable loss of life and property on 9-11, insurance companies decided NOT to cover terrorist acts. Eventually, the federal government made them offer the coverage. Initial premiums ...

The Terrorism Risk Insurance Act has provided the commercial real estate industry with a crucial backstop against losses suffered from external threats in the nearly two decades since its enactment ...

On Sept. 17, 2025, the Housing and Insurance Subcommittee of the House Financial Services Committee held a hearing on the reauthorization of the Terrorism Risk Insurance Act of 2002. The act began as ...

The insurance industry and major policyholders have agreed on an outline for legislation reauthorizing the federal government's terrorism risk insurance backstop, recommending the inclusion of a ...

The following information was released by the U.S. House of Representatives Committee on Financial Services: Today, the Subcommittee on Housing and Insurance, led by Subcommittee Chair Mike Flood ...

The Terrorism Risk Insurance Act can claim broad support, but it has deep flaws and imposes billions of dollars in liabilities on taxpayers. Signed into law in 2002 by President George W. Bush, TRIA ...

The Government Accountability Office (GAO) has examined federal fiscal exposure under the Terrorism Risk Insurance Act (TRIA) and published its findings in a new report. Congress enacted TRIA to help ...

This article was adapted from the testimony of Erwann Michel-Kerjan, managing director of Wharton’s Risk Management and Decision Processes Center, before the U.S. Congress, House Subcommittee on ...

In a huge win for the business lobby, Congress on Tuesday passed a lengthy extension of the federal backstop to terrorism risk insurance, vaulting what was first ...

As long as the U.S. faces a significant threat from terrorist networks, we must ensure the economy is properly protected, says P.J. Crowley. The attacks on September 11 cost Al Qaeda roughly $500,000 ...

The Passenger Vessel Association (PVA) recently distributed the following to advise its members regarding terrorism insurance. The shocking events that occurred on September 11 took all of us by ...