Terrorism Risk Insurance: Stabilizing the Economy Today 2741009234941582512-blid-7598130364547898211

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The TRIA or the Terrorism Risk Insurance Act is a government terrorism insurance program signed by US President George W. Bush back in November 2002 which establishes a risk-sharing partnership between the government, the insurance company and the policy holder. It is a reinsurance coverage given to insurance company once there is a declared terrorism event. It is also a private/public compensation for insured losses due to any terrorism event like what happened in the September 11 terrorist attack.