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Insurance
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A bill (S. 467) [1] extending the Terrorism Risk Insurance Act of 2002 (TRIA) for two more years has been signed into law by President Bush. The new law extends the TRIA, which otherwise would have expired at the end of 2005. The law also establishes a commission charged with developing a transitional system to take its place. Without the TRIA, a government program that keeps insurance for terrorist attacks affordable, proponents of the bill argued that terrorism insurance would become unaffordable for most businesses.


A bill (S. 467) [2] extending the Terrorism Risk Insurance Act of 2002 (TRIA) for two more years has been signed into law by President Bush. The new law extends the TRIA, which otherwise would have expired at the end of 2005. The law also establishes a commission charged with developing a transitional system to take its place. Without the TRIA, a government program that keeps insurance for terrorist attacks affordable, proponents of the bill argued that terrorism insurance would become unaffordable for most businesses.


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Source URL: http://www.securitymanagement.com/article/insurance

    
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[1] http://www.securitymanagement.com/files/s467_insurance0206.pdf

[2] http://www.securitymanagement.com/sites/securitymanagement.com/files/s467_insurance0206.pdf