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Terrorism Risk Insurance Extension Act of 2005 (TRIEA)
Property & Casualty
Priya Cherian Huskins, Esq.
Feb 01, 2007
Priya Cherian Huskins, Esq.
Feb 01, 2007
2 minutes
On Friday, December 16, 2005, House and Senate negotiators completed a deal to extend the Terrorism Risk Insurance Act (TRIA) through 2007. TRIA, passed by Congress in November 2002, created a three-year program in which the federal government would share in the cost of a foreign terrorist attack that produced at least $5 million in insured losses, was deemed a "certified act" by certain government officials, and met certain other requirements.
On Friday, December 16, 2005, House and Senate negotiators completed a deal to extend the Terrorism Risk Insurance Act (TRIA) through 2007. TRIA, passed by Congress in November2002, created a three-year program in which the federal government would share in the cost of a foreign terrorist attack that produced at least $5 million in insured losses, was deemed a "certified act" by certain government officials, and met certain other requirements.
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