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TRIA Extension Set in Stone for 7 More Years

23 Dec, 2019 Nancy Grover

                               

Washington, DC (WorkersCompensation.com) – Workers’ Compensation insurers breathed a collective sigh of relief Friday after President Trump signed legislation that includes a 7-year extension of the Terrorism Risk Insurance Programs. H.R. 1865 is one of two budget bills that will also prevent a federal government shutdown.’

Because workers’ compensation is mandatory for most employers in most states, the extension of TRIA is especially welcome news. Strategies available for other types of insurance, sch as imposing policy limits or excluding coverage for terrorism are not available in workers’ compensation.

The fact that TRIA was extended in advance of the 12-month expiration means insurers will not need to deal with policies that could have potentially ended with no government terrorism program in place.

 

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    About The Author

    • Nancy Grover

      Nancy Grover is a freelance writer having recently retired as the Director, Media Services for WorkersCompensation.com. She comes to our company with more than 35 years as a broadcast journalist and communications consultant. Grover’s specialties include insurance, workers’ compensation, financial services, substance abuse, healthcare and disability. For 12 years she served as the Program Chair of the National Workers’ Compensation and Disability Conference® & Expo. A journalism/speech graduate of Ohio Wesleyan University, Grover also holds an MBA from Palm Beach Atlantic University.

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