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S&P: TRIPRA's Passage Keeps U.S. Commercial Lines Outlook Stable
National News • January 8, 2008
On Dec. 26, 2007, President George W. Bush signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), thereby retaining the federal backstop for terrorism risk ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: TRIPRA not TRIA | Lori | Jan 9, 2008, 11:33 am |
| GAO - not General Accounting office | Andriana | Jan 9, 2008, 9:42 am |
| "TRIA" not "TRIPRA" | a | Jan 8, 2008, 1:52 pm |
| Back to article | ||
Subject: "TRIA" not "TRIPRA"
The industry -- and the public -- knows the terrorism insurance backstop as TRIA. The most recent bill merely extends TRIA, the government's terrorism insurance backstop. What is important is to accurately describe the program itself -- not the title of the bill that extends it.
Our industry already has a problem with confusion due to its penchant for "acronym soup." Let's not add to it by revising acronyms to reflect extension vehicles to underlying programs.