Rival bills for TRIA extension
In Washington two House and Senate panels have approved separate bills to extend federal guarantees to cover losses from terrorist attacks, pushing forward legislation that property owners and insurers call essential to the economy.
The bills would extend the Terrorism Risk Insurance Act (TRIA) for two years, which was enacted after the September 11, 2001, attacks when insurers were reluctant to offer coverage due to heavy lossesOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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