Subcommittee Chairman Favors 6 – 8 Year TRIA Extension
April 27, 2007
Insurance Journal
"In his opening statement as chair of a U.S. House of Representatives subcommittee considering extension of the Terrorism Risk Insurance Act (TRIA), Rep. Paul E. Kanjorski of Pennsylvania said he believes the act should be extended for a period of six to eight years. At a hearing on April 24 in Washington, D.C., Kanjorski asserted that this length of time 'is long enough to provide greater certainty to the marketplace and short enough to encourage the private sector to develop its own solutions to the problems posed by conventional terrorism'..."
Insurance Journal
"In his opening statement as chair of a U.S. House of Representatives subcommittee considering extension of the Terrorism Risk Insurance Act (TRIA), Rep. Paul E. Kanjorski of Pennsylvania said he believes the act should be extended for a period of six to eight years. At a hearing on April 24 in Washington, D.C., Kanjorski asserted that this length of time 'is long enough to provide greater certainty to the marketplace and short enough to encourage the private sector to develop its own solutions to the problems posed by conventional terrorism'..."
posted by AVRECO at 9:09 AM
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