Mercator Advises Risk Managers to Prepare for World Without TRIEA

January 31, 2007

  • January 31, 2007 at 2:18 am
    Floridian says:
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    The biggest issue in Florida is Citizens. How to get government out of insurance. However, even being in the forefront of politics insurance is never the priority. As in typical fashion they will wait till the last minute and pound their fists and say how critical it is. So what do we get? Florida is now in the insurance business 100% and want to compete. Will TRIEA renew? Absolutely, they just want everyine to think they are trying to do the right thing. Who knows maybe they will compete for it as well.

  • January 31, 2007 at 3:21 am
    a says:
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    Not to be a stickler, but the legislation that is set to expire this year is the Terrorism Risk Insurance Act (TRIA), not the measure that was passed to extend it, the Terrorism Risk Insurance Extension Act (TRIEA). TRIEA simply extended TRIA. To extend TRIA again, another extention act (of whatever name) must be passed.

    It never ceases to amaze me how some people decide on their own that something everyone is saying is incorrect, and they take it upon themselves to correct everyone. Even if the reference to TRIEA was correct – which it is not – the commonly understood and universally accepted reference to this legislation is TRIA. Don\’t let anoyone \”correct\” it.

  • February 1, 2007 at 10:56 am
    maureen says:
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    for an insurance magazine–kind of embarrassing to refer to it as TRIEA and not TRIA. Terrorism Risk Insurance Act. Not sure where the E came from.

    and this is not true, we had a panel yesterday in VA and all agreed that TRIA act would continue and would be extended.



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