LEGISLATIVE UPDATE: STATES IMPLEMENT TRIA EXTENSION
On December 21, 2007, we reported on the enactment and signing of the Terrorism Risk Insurance Program Reauthorization Extension Act of 2007, which extended TRIA. That Act made some changes to the TRIA program. A number of state insurance departments have issued Bulletins implementing the changes adopted in the extension. While it is not our intention to provide an exhaustive listing of the state actions in this area, we are providing in this post access to the Bulletins issued by the first group of insurance departments to address this matter, so that our readers can see the types of implementation activity that is occurring. You should check for Bulletins in states of interest to you if this topic is of concern to you. Alabama; Arizona; Illinois; Louisiana; Maine; New Hampshire; New Jersey; South Dakota; West Virginia.
This post written by Rollie Goss.
