Options Facing Congress in Renewing the Terrorism Risk Insurance Act
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Penn collection
Wharton Public Policy Initiative Issue Briefs
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TRIA
Terrorism Risk Insurance Act
disaster relief
terrorist attack
Defense and Security Studies
Emergency and Disaster Management
Insurance
Public Policy
Terrorism Risk Insurance Act
disaster relief
terrorist attack
Defense and Security Studies
Emergency and Disaster Management
Insurance
Public Policy
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Options Facing Congress in Renewing the Terrorism Risk Insurance Act (https://publicpolicy.wharton.upenn.edu/issue-brief/v2n7.php)
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Abstract
The Terrorism Risk Insurance Act (TRIA) is set to expire at the end of 2014 and is currently under debate in Congress. Renewing TRIA may limit the amount of disaster relief the federal government would contribute after a terrorist attack, but the different options under which TRIA might be renewed carry implications for how losses from any attack would be spread between commercial policyholders, insurers, and taxpayers.
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2014-07-01