About the Briefing
Should TRIA be reauthorized? Since the Terrorism Risk Insurance Act (TRIA) was last reauthorized in 2007, terrorism insurance has remained widely available and the price has fallen. But underlying economic and insurance challenges remain. With the program set to expire at the end of December, it’s unclear whether the improvements in the market that we have seen since TRIA was first passed in 2002 can be sustained without TRIA.
RAND Research Topic: Terrorism and Homeland Security