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RIMS Has NBCR Impact Worries But Backs TRIA Bill

A newly introduced bill in the House of Representatives to expand and continue the federal backstop for insurers' terrorism losses has the support of the Risk and Insurance Management Society, with so

By Caroline McDonald | Updated on June 21, 2007

A newly introduced bill in the House of Representatives to expand and continue the federal backstop for insurers’ terrorism losses has the support of the Risk and Insurance Management Society, with some reservations, the group announced.

RIMS said it was commending Congress and the House Financial Services Committee on Monday’s introduction of H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act (TRIREA) of 2007.

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