Study: TRIA Shielding Taxpayers from Billions in Loss Exposure

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Absent the Terrorism Risk Insurance Act (TRIA), another terrorist attack along the lines of Sept. 11 could cost U.S. taxpayers as much as $ 7 billion to cover uninsured losses, according to a study released April 10 by the RAND Corporation.

Meanwhile, a bipartisan group of senators announced a deal on legislation to extend TRIA beyond its current expiration date at the end of 2014. Sens. Charles Schumer (D-NY), Dean Heller (R-NV), Mark Kirk (R-IL) and Jack Reed (D-RI) said April 10 that they had reach an agreement on a bill that would extend the program until 2021.


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