Alternative TRIA Approach Pitched

"Congress awaits draft of legislation to segregate terrorism exposures"

Washington
By Arthur D. Postal
National Underwriter P&C

"Republican staffers on the House Financial Services Committee are drafting legislation that would take an entirely new approach to extending the Terrorism Risk Insurance Act, creating a “silo” system that would base a federal backstop on the insurability of the risk. The new concept is totally different than extension guidelines suggested by the Bush administration and draft legislation prepared by the committee some months ago..."