BOSTON--The American Insurance Association (AIA) is pushing Congress for a two-year extension of the Terrorism Risk Insurance Act (TRIA), an extension that AIA says will help avoid destabilizing the insurance market and the economy, and will enable policymakers to develop a more permanent solution for managing our nation's economic exposure to catastrophic terrorism.
AIA states that TRIA is an essential component of the nation's financial recovery system in the event of catastrophic terror attacks on American civilian targets.
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