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PCI’s Robert Gordon is Optimistic About a December TRIA Renewal

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Despite months of pressure, Congress has yet to renew the Terrorism Risk Insurance Act, or TRIA, a federal reinsurance program first passed after the 9.11 terrorist attacks in a bid to keep terrorism risk insurance affordable and stabilize the economy. TRIA has been renewed several times in the past, and is set this time to expire on Dec. 31, 2014, unless a reauthorization takes place before then. Robert Gordon, senior vice president of policy development and research for PCI, said the House and Senate have given assurances that TRIA will be re-authorized by the first half of December. In an interview with Carrier Management's Mark Hollmer at PCI's annual conference, he explains where the process stands and the obstacles that have made TRIA's reauthorization this time around a particular challenge.

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