Police officers from the counterterrorism unit stand watch over runners arriving for the New York City Marathon. (AP Photo/Jason DeCrow)

Officials of the insurance and real estate industries today sought to make clear at a Senate Banking Committee hearing today that there is no viable private option to renewal of the Terrorism Risk Insurance Act, legislation which sunsets at the end of the year.

At the same time, panel Chairman Sen. Tim Johnson, D-S.D., opened the hearing by stating he looks forward to continue working with Sen. Mike Crapo, R-Idaho, ranking minority member, “and our colleagues [on the committee] to move forward with a bill to extend TRIA in short order.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.