Business Services Industry
TRIA bill offers rallying point; Senate set to start hearings on extending federal terrorism backstop.(News)(Terrorism Risk Insurance Act of 2002)
Business Insurance, February, 2005 by Hofmann, Mark A.
Byline: MARK A. HOFMANN WASHINGTON-The recent introduction of legislation that would extend the Terrorism Risk Insurance Act by two years has raised hopes among policyholders that Congress will act on the TRIA extension issue sooner rather than later. TRIA, which provides a federal backstop for insurers facing losses from future catastrophic terrorist attacks, is slated to expire on Dec.
31. Risk managers, insurers and others have advocated that the law be extended for at least two years to avoid insurance market disruptions. The introduction of extension legislation in the Senate drew praise from risk managers. "This is a good positive step toward this issue. As we all know, the expiration of the backstop is fast approaching,'' said Bradley R. Wood,...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
