Sentences with phrase «terrorism risk insurance»

American businesses continue to rely upon the availability and affordability of terrorism risk insurance.

Otherwise, it makes few changes to a program that has kept terrorism risk insurance affordable and available throughout the country since 2002, at virtually no cost to taxpayers.

In January 2013, the real estate industry began in earnest to educate Congress on the need to act quickly to extend the federal terrorism risk insurance program set to expire at the end of 2014.

The U.S. Senate's alarming failure to renew the federal terrorism risk insurance program before adjournment will stall commercial real estate development around the country.

As part of the reauthorization, several government studies were commissioned on terrorism risk insurance.

Businesses, on the other hand, are able to purchase terrorism risk insurance through TRIA.

The earlier that TRIA is reauthorized the better, as many insurance policies that extend past the end of 2014 are including «springing exclusions» now, which state that if TRIA is not reauthorized, the policy will not include terrorism risk insurance past December 31st, 2014.

Given that primary insurers remain largely averse to exposing themselves to potentially catastrophic terrorism losses, there are concerns about TRIA's uncertain future and the potential unavailability of terrorism risk insurance at the end of 2014.

The 114th Congress convened on January 5, and two days later, the House passed H.R. 26, which extends the federal terrorism risk insurance backstop program known as TRIA for six years; the next day, the bill was passed in the Senate.

As negotiations continue between the House and Senate on TRIA reauthorization, NAR will continue to advocate for a long - term reauthorization that keeps terrorism risk insurance affordable and available throughout the country.

«Realtors ® applaud the U.S. House of Representatives and U.S. Senate for prioritizing the reauthorization of the federal terrorism risk insurance program and quickly passing the Terrorism Risk Insurance Act, which authorizes the program for six years.

WASHINGTON (September 11, 2012)-- American businesses rely upon the availability and affordability of terrorism risk insurance and it's a vital component of most commercial real estate transactions, the National Association of Realtors ® said in testimony today.

NAR applauds the U.S. House of Representatives for reauthorizing the federal terrorism risk insurance program, and urges the Senate to do the same.

The RAND Corporation has completed two segments of a three phase study on terrorism risk insurance.

Extension of terrorism risk insurance, giving commercial property owners a critical federal insurance backstop.

«Since the reinsurance industry has not yet been able to develop a long - term solution that would eliminate the need for the federal government's terrorism risk insurance program, extending TRIA beyond its current 2014 authorization will help maintain a strong commercial real estate market and the health of the nation's economy.»

«Terrorism continues to be an unpredictable threat to our nation, and as the leading advocate for property owners, Realtors ® know that American businesses must have adequate terrorism risk coverage,» said St. Peter, operations manager for Prudential Connecticut Realty in Wallingford, Conn. «The federal government's terrorism risk insurance program helps protect the nation's business sector by ensuring that adequate insurance coverage is available.

American businesses rely upon the availability and affordability of terrorism risk insurance and it's a vital component of most commercial real estate transactions, the National Association of Realtors ® said in testimony today.

NAR applauds the U.S. House of Representatives for reauthorizing the federal terrorism risk insurance program, and urges the Senate to do...

The federal government's terrorism risk insurance program first was put into place during the immediate aftermath of 9/11, when many building owners were advised that their policies would not be renewed or that their new policies would exclude terror and war risks.

«Realtors ® applaud the U.S. House of Representatives for prioritizing the reauthorization of the federal terrorism risk insurance program and quickly passing the Terrorism Risk Insurance Act, which authorizes the program for six years.

Working with the Treasury Department's Federal Insurance Office (FIO), the TRIA Advisory Committee on Risk - Sharing Mechanisms (ACRSM), the insurance industry, and Congressional policymakers, The Roundtable is focused on developing an effective, long - term approach for a federal terrorism risk insurance program.