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Issue

TRIA Reauthorization

Extending the Federal Terrorism Risk Insurance Program

ABA Position

The federal terrorism risk insurance program, TRIA, is set to expire next year. Without this backstop, commercial insurers in populated areas are expected to limit their terrorism risk exposures, which will drive up prices for coverage and have a negative impact on development in densely populated areas most affected by terrorism.

ABA supports the enactment of an extension of the federal terrorism risk insurance program.

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Sarah Ferman

Sarah L. Ferman

Senior Government Relations Rep, Bank Insurance Council

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