TRIA: Time to End Years of “Temporary” Insurance Subsidies
Twelve years ago, in the aftermath of 9/11, Congress created a “temporary” subsidy program for insuring losses from terrorist attacks. That temporary program, the Terrorism Risk Insurance Act (TRIA), has since been reauthorized twice, and lawmakers are now considering yet another renewal. There is no justification for continuing the program. But if reauthorization is inevitable,…
