A Primer on Terrorism Insurance

The Terrorism Risk Insurance Act ("TRIA"), 15 USC &sect;6701 <i>et. seq.</i>, designed to make terrorism insurance readily available to property owners, is scheduled to sunset on Dec. 31, 2005. If the Act is not extended and the cost of terrorism insurance becomes prohibitive, lenders and borrowers may once again find themselves embroiled in controversy over the question of whether governing loan documents require such insurance.

20 minute read December 02, 2005 at 08:26 AM
By
Kenneth M. Block And Jeffrey B. Steiner
A Primer on Terrorism Insurance

The Terrorism Risk Insurance Act (“TRIA”), 15 USC '6701 et. seq., designed to make terrorism insurance readily available to property owners, is scheduled to sunset on Dec. 31, 2005.

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