For optimal functionality and an enhanced user experience, the following browsers are recommended when using Chrome (version 4x), Mozilla Firefox (version 3x) or Internet Explorer (IE) versions 9, 10 & 11. Some of our site’s features may not function as you might expect if you are using an older browser (IE7 or IE8).

AIA Statement on TRIA Reauthorization Legislation


WASHINGTON, D.C., May 9, 2013 – Leigh Ann Pusey, president and CEO of the American Insurance Association (AIA), issued the following statement in response to today’s introduction of the “Fostering Resilience to Terrorism Act of 2013” sponsored by Rep. Bennie Thompson (D-MS).  Rep. Thompson’s legislation would extend the Terrorism Risk Insurance Act (TRIA) for 10 years, designates the U.S. Department of Homeland Security to become the “lead” agency in the certification process, and adds a provision on information sharing for the insureds. 

In February, Reps. Michael Grimm (R-NY), Carolyn Maloney (D-NY), Pete Sessions (R-TX), André Carson (D-IN), Peter King (R-NY), Gregory Meeks (D-NY), Dennis Ross (R-FL), Timothy Bishop (D-NY), and Carolyn McCarthy (D-NY) introduced the “TRIA Reauthorization Act of 2013” to extend the Terrorism Risk Insurance Program for five years, through December 31, 2019.

TRIA was first authorized in 2002, subsequently reauthorized in 2005 and 2007, and is scheduled to expire on December 31, 2014.

Ms. Pusey’s statement follows:

“The Terrorism Risk Insurance Program continues to protect our nation’s economy.  In the years since September 11, 2001, the program has provided much needed market stability and predictability for recovery after an event while limiting the exposure of taxpayers to losses.  This public-private shared loss partnership frees up capital for business expansion and has helped assure businesses that there can be orderly recovery following a terrorist event without further economic disruption.

“AIA is pleased that Rep. Thompson, Ranking Member of the Committee on Homeland Security, recognizes the need for the program’s reauthorization prior to its 2014 expiration.  We look forward to working with Members of Congress in the months ahead to achieve broad support for reauthorization of this vital program.”


The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry. Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise. Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers. 

Our membership is comprised of more than 330 companies, collectively writing more than $134 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.

AIA tweets

Special s/o & thanks to all our excellent visiting market insurance experts for joining us at our 3rd annual

2 Days Ago

Many Californians know to "drop, cover & hold on" during an #earthquake, but are they prepared for the days after t

2 Days Ago

Former executives at @Google @Tesla & @Uber who once raced to be the 1st to develop #selfdrivingcars have adopted a

2 Days Ago

Could #HurricaneMichael get reclassified as a stronger #hurricane? @MiamiHerald

2 Days Ago

Media Contacts

Maggie Seidel
(202) 828-7196

Rachel Wallen
(202) 828-7149