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Industry waits anxiously for report on TRIA extension.(LEGISLATION)(Terrorism Risk Insurance Act)
- Article from:
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National Underwriter Life & Health
- Article date:
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June 20, 2005
- Author:
- Postal, Arthur D.
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Copyright informationCOPYRIGHT 2005 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AN EERIE SILENCE HAS DESCENDED over the White House and the Treasury Department as the administration prepares to release a report that will play a key role in the fate of the Terrorism Risk Insurance Act, which expires Dec. 31.
The report by law must be in the hands of Congress by June 30.
The White House and Treasury are giving no hint as to what the report will say and when it will be released, although there is strong speculation it will be presented to Congress very soon.
Rep. Paul Kanjorski, D-Pa., a ranking member of the House Financial Services Committee, last week castigated the White House for lack of attention to the bill and the House Republican ...
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White House Statement Applauding Bipartisan Efforts To Develop Temporary,...
U.S. Newswire;
November 1, 2001 ;
110 words
......Newswire/ -- The following was released today by the White House: Office of the Press Secretary The Administration applauds...Senator Enzi to develop a temporary, limited program for terrorism risk insurance coverage. The Administration supports their...insurance protection against terrorism. ...
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Fed: Terrorism risk greater as US stocks fall: Greens
AAP General News (Australia);
September 11, 2006 ;
115 words
......General News (Australia) 09-11-2006 Fed: Terrorism risk greater as US stocks fall: Greens The...America five years ago .. because the White House has lost its authority. Greens senator...relationships with Iran. And he says the White House should have gone after al-Qaeda instead...
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Terrorism risk rising, experts say _ election irrelevant.
Knight Ridder/Tribune News Service;
September 25, 2004 ;
Barr, Alistair;
787 words
......of who might win the White House in November, according...forecasts for RMS's U.S. Terrorism Risk Model. Factors more...future. Who's in the White House won't change this threat...Kerry or Bush in the White House wouldn't change that...
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Insurers, buyers brace for TRIA decision; fate of federal terrorism...
National Underwriter Property & Casualty-Risk & Benefits Management;
June 20, 2005 ;
Postal, Arthur D.;
787 words
......for extension of the Terrorism Risk Insurance Act as the...Congress by June 30. The White House and Treasury gave...the availability of terrorism risk coverage, but that...company exposure to terrorism risk. PCI also suggests...
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OMB ISSUES STATEMENT OF ADMINISTRATION POLICY REGARDING H.R. 2761 -...
US Fed News Service, Including US State News;
December 11, 2007 ;
203 words
...The White House Office of Management...policy: H.R. 2761 - Terrorism Risk Insurance Program Reauthorization...Administration believes that the Terrorism Risk Insurance Act (TRIA...methods of providing terrorism risk insurance will come...
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White House mum on TRIA.(Senate Hearing Postponed)(Terrorism Risk...
National Underwriter Property & Casualty-Risk & Benefits Management;
March 7, 2005 ;
Postal, Arthur D.;
349 words
...The White House sent a chill through the insurance industry last week...tip the Bush Administration's hand on the fate of the Terrorism Risk Insurance Act--which expires Dec. 31--despite advance...administration support for extension of TRIA, and what shape a White House-sponsored bill ...
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Backstop supporters seeking alternatives to current TRIA; Lawmakers...
Business Insurance;
August 1, 2005 ;
Hofmann, Mark A.;
776 words
......backstop provided by the Terrorism Risk Insurance Act. Rep. Richard...is very clear'' that the White House will not accept a simple...accept a greater share of terrorism risk than it does currently under...report held was necessary for White House backing with some sort ...
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Bill calls for lasting terrorism backstop; White House criticizes 10-year...
Business Insurance;
June 25, 2007 ;
787 words
......their suggestions while drafting the Terrorism Risk Insurance Revision and Extension...expiration date. He indicated that the White House might accept a two- or three-year...extending the backstop for 10 years, the Terrorism Risk Insurance Revision and Extension...manner similar to ...
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TERRORISM RISK INSURANCE:WAYNE A. ABERNATHY
Congressional Testimony;
April 28, 2004 ;
787 words
......on the implementation of the Terrorism Risk Insurance Act (TRIA) of 2002...market for property and casualty terrorism risk insurance was significantly...cover for property and casualty terrorism risk or offered reinsurance coverage...
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REP. HARMAN SUPPORTS CALL FOR CLOSED SESSION TO BRIEF FULL HOUSE ON...
US Fed News Service, Including US State News;
February 27, 2008 ;
265 words
......the Homeland Security Subcommittee on Intelligence & Terrorism Risk Assessment, announced her support today for efforts to hold...information on this subject recently provided to Congress by the White House and have substantial experience in this area, I have not...
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TERRORISM RISK INSURANCE:ROGER W. FERGUSON
Congressional Testimony;
March 5, 2007 ;
787 words
......hearing on the need to extend the Terrorism Risk Insurance Extension Act, an important...prone to market failure because terrorism risk is largely uninsurable for the following reasons: --First, terrorism risk cannot be measured satisfactorily...
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TERRORISM RISK INSURANCE:DAVID G. NASON
Congressional Testimony;
June 21, 2007 ;
787 words
......appear before you today. The market for terrorism risk insurance in the United States was...Of course, prior to September 11, terrorism risk clearly existed in the United States...companies continued to provide coverage for terrorism risk in the insurance policies sold to their...
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RAND, RMS jointly set up terrorism risk study center. (Spotlight on...
National Underwriter Property & Casualty-Risk & Benefits Management;
January 6, 2003 ;
Ha, Michael;
519 words
......start a research operation to study terrorism risk and how to compensate victims of terrorism...public policy decisions on managing terrorism risk in the United States. Research results...center, it was explained, will analyze terrorism risk using mathematical models developed...
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TREASURY ASSISTANT SECRETARY FOR FINANCIAL INSTITUTIONS TESTIFIES ON...
US Fed News Service, Including US State News;
June 21, 2007 ;
787 words
......appear before you today. The market for terrorism risk insurance in the United States was...Of course, prior to September 11, terrorism risk clearly existed in the United States...companies continued to provide coverage for terrorism risk in the insurance policies sold to their...
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Don't let the sun go down on TRIA.(Terrorism Risk Insurance Act)
Business Insurance;
November 21, 2005 ;
Hofmann, Mark A.;
668 words
......back in November 2002, when Congress appeared unlikely to get together on what the Terrorism Risk Insurance Act should look like? Lawmakers and the White House wrangled for a year, but there was no bill. Elections came and went, and, ultimately...
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