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What APCIA Hopes for in a TRIA Renewal
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At the end of October, the House Financial Services Committee voted to extend the Terrorism Risk Insurance Act, or TRIA - a Federal reinsurance backstop initially established after the 9/11 attacks. The issue is an important one for the property/casualty insurance industry and its lobbyists including Nat Wienecke, senior vice president of Government Relations at the American Property Casualty Insurance Association. Wienecke detailed his hopes for renewal during a Carrier Management interview on Oct. 21 at the APCIA Annual Meeting in Boston.
