12/17/14 - Response to TRIA Expiration
Adam Hamm, NAIC President and North Dakota Insurance Commissioner

We are surprised and deeply disappointed that Congress was unable to pass a reauthorization of the Terrorism Risk Insurance Act – a non-partisan issue with broad support in both parties and chambers – before they adjourned for the year. The NAIC will work with insurers, policyholders, and the business community during this time of uncertainty in the market, as American businesses will have to make tough decisions regarding coverage. We hope that this disruption will be short-lived and urge the new Congress to act quickly to reinstate this critical program.