In the News TRIA issue could wait until spring; backstop could look different
In testimony that also likely represents the views of committee Republicans, former NAIC president Ernest Csiszar testified that the program’s $100 million loss trigger should be raised significantly, perhaps to as much as $20 billion or $25 billion. Csiszar testified on behalf of the R Street Institute, a conservative think tank.
Csiszar acknowledged the need for further development of private capacity and modeling solutions for terrorism risks, and said TRIA should be extended for five to 10 years beyond its scheduled expiration at the end of 2014.
