{ "id": "RS21444", "type": "CRS Report", "typeId": "REPORTS", "number": "RS21444", "active": false, "source": "EveryCRSReport.com", "versions": [ { "source": "EveryCRSReport.com", "id": 313736, "date": "2006-01-12", "retrieved": "2016-04-07T19:21:29.857029", "title": "The Terrorism Risk Insurance Act of 2002: A Summary of Provisions", "summary": "After the September 11, 2001, terrorist attacks on the United States, many businesses were not\nable\nto purchase insurance for risk of property loss due to future terrorist attacks. Congress recognized\nthe importance of terrorism risk insurance for the health of the U.S. economy, and enacted the\nTerrorism Risk Insurance Act of 2002 (TRIA, P.L. 107-297 ) to create a temporary program to share\nfuture insured terrorism losses with the property-casualty industry. TRIA requires insurers to offer\nterrorism insurance to their commercial policyholders, preserves state regulation of insurance, and\ndirects the Secretary of the Treasury to administer the program of sharing losses. This report,\noriginally authored by Carolyn Cobb, provides a summary of the legislation as enacted in 2002. This\nlegislation was extended and revised in 2005 by P.L. 109-144 . For current information, see CRS Report RS21979 , Terrorism Risk Insurance: An Overview , by Baird Webel. This report\nwill not\nbe updated.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS21444", "sha1": "8ed80693b142d4f9653ef93100e8a752e54d8bbd", "filename": "files/20060112_RS21444_8ed80693b142d4f9653ef93100e8a752e54d8bbd.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS21444", "sha1": "c2ac9c23a6ba6b8ecd79cea6507f75efaf119595", "filename": "files/20060112_RS21444_c2ac9c23a6ba6b8ecd79cea6507f75efaf119595.pdf", "images": null } ], "topics": [] } ], "topics": [ "Intelligence and National Security" ] }