Property/casualty insurers will bear the cost if changes to the Terrorism Risk Insurance Act (TRIA) of 2002 proposed by the Treasury department become law, a new report says.

The study “Global Risk Alert –TRIA in Jeopardy” by the National Property Brokerage of Aon says the changes will fundamentally alter the program, which was passed in the wake of 9/11 and was temporarily extended by amendment in 2005 and 2007.

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