House passes 6-year TRIA reauthorization
Insurers so far have responded by rolling out new or modified products aimed at covering terror risks, prompting arguments from TRIA skeptics that the market can stand on its own.
“The fear of uncertainty surrounding the program’s expiration was fully understandable, and it was a concern we shared,” R Street Institute Senior Fellow R.J. Lehmann said in a Jan. 6 statement. “But now that the program has expired and the sky clearly hasn’t fallen, we would urge lawmakers to sit down for a more deliberate and thoughtful debate about deeper reforms to the program.”
