Belmar, NJ – The House Financial Services Subcommittee on Housing and Insurance recently held a hearing on the Terrorism Risk Insurance Act (TRIA) ahead of its December 31, 2027 expiration. The hearing underscored the vital role TRIA continues to play in ensuring stability within the insurance marketplace and safeguarding the broader economy against the financial impacts of terrorism-related risks. During the hearing, a bill was referenced titled the “TRIA Program Reauthorization Act of 2025” that would implement an 8-year extension of TRIA.
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