When Congress enacted the Terrorism Risk Insurance Act (also known as TRIA) in 2002, the government-backed terrorism reinsurance program it established was designed as a temporary stopgap to give insurers time to regroup and sort out the complexities of dealing with terrorism risk.
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Devising a Terrorism Insurance Solution
When Congress enacted the Terrorism Risk Insurance Act (also known as TRIA) in 2002, the government-backed terrorism reinsurance program it established was designed as a temporary stopgap to give insurers time to regroup and sort out the complexities of dealing with terrorism risk.