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NAIC Lauds Congressional Action on TRIA

Skyscrapers with text "NAIC Applauds Congress on the Reauthorization of TRIA"

The NAIC applauds the House for passing a long-term reauthorization of the Terrorism Risk Insurance Program (TRIA) prior to next year’s expiration. State insurance regulators support this extension to ensure a sustained and stable terrorism risk insurance marketplace that provides American businesses with the essential coverage needed to successfully operate in today’s uncertain global environment. The NAIC urges Senate action on this critical reauthorization legislation.

Read the NAIC's letter supporting H.R. 4634.

Read the NAIC's press release and testimony in support of reauthorization.

About the NAIC

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. For more information, visit www.naic.org.

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