Terrorism Risk Insurance : An Overview

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Provides an overview of terrorism risk insurance issues and Congressional action, including a summary of P.L. 107-297, the Terrorism Risk Insurance Act (TRIA) of 2002, which requires insurers to of...

Provides an overview of terrorism risk insurance issues and Congressional action, including a summary of P.L. 107-297, the Terrorism Risk Insurance Act (TRIA) of 2002, which requires insurers to offer terrorism insurance to their commercial policyholders, preserves State regulation of this type of insurance, and directs the Secretary of the Treasury to administer a program for sharing terrorism losses. Reviews post-enactment activity in the executive branch and private market, Congressional oversight and hearings, and TRIA extension legislation.

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