Study: TRIA Shielding Taxpayers from Billions in Loss Exposure

RAND Corporation Logo

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.

News

Leave a Reply

Your email address will not be published.