Industry responds to impending Tria expiry

The insurance industry has responded with dismay to the US
Senate's failure to reauthorise the Terrorism Risk Insurance
Act (Tria) before its expiry date on 31 December 2014.
In a statement, Ace chairman and CEO Evan Greenberg said
congressional failure to approve the renewal of Tria was
"deeply disappointing".
"It was simply irresponsible for our elected officials to
adjourn without reauthorising Tria. By letting Tria lapse, they
have exposed our economy and our society to th