With TRIA Renewal Efforts Killed, Some Predict Market Chaos

By | December 18, 2014

  • December 18, 2014 at 3:53 pm
    Agent says:
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    The failures of the lame duck Senate are endless. Where was our leader insisting that this get done? Making nice with a Communist dictator, that is what he was doing.

    • December 19, 2014 at 2:44 pm
      Rosenblatt says:
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      It’s funny how you blast Obama no matter what he does.

      Obama used an executive order to pass the ACA?
      How dare he use an executive order! That’s an abuse of power!

      Obama didn’t use an executive order to pass TRIA?
      How dare he not use an executive order! He needs to exert his power!

      • December 22, 2014 at 10:34 am
        Agent says:
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        It is funny Rosenblatt how you defend Obama no matter how badly he fails the nation. You must be one of those low information voters who voted for him twice. By the way, the new term for Executive Orders is Memoranda’s. He has done 198 of them the past few years and they are the same thing. By the way, you are on the wrong article. This is about TRIA, not ACA. Try to focus Rosenblatt. This President should have gotten involved with the Senate and got this passed instead of meeting with Cuban dictators.

        • December 22, 2014 at 4:57 pm
          Insurance_Guy says:
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          Seriously, Obama has nothing to do with this. Congress has zero interest in expanding ANY insurance of ANY type. They want corporations to assume all market risks. Insurance carriers have been cutting coverages while increasing premium. That’s like an 8.5 OZ bag of chips which originally sold for $0.80 5 years ago, but now sells for $1.00 for an 8.0 OZ!

          Essentially, the real losers here are the consumers and nobody in power gives a damn.

        • December 23, 2014 at 8:27 am
          Rosenblatt says:
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          Yeah, troll, I know this article is about TRIA and not ACA.

          You need to start parsing words and learn some reading comprehension skills. My point was simple:

          In the ACA article you posted how Obama using his executive order was an abuse of power, yet in this article you posted how Obama is bad for not exerting his power.

          No matter what Obama does, even when the two things he did were diametrically opposed to each other, you blame him for not doing the right thing (but he did the only two options available and neither was the right one in your mind).

          Also – I already told you I didn’t vote in the past 2 presidential elections, so stop trying to insult me about that.

          • December 23, 2014 at 11:38 am
            Trust me I am not a liberal says:
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            I love how when a lib is called out on the carpet, they start with their name calling. And, here I thought you guys were the tolerant ones? ROFL!!!

          • December 23, 2014 at 12:22 pm
            Rosenblatt says:
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            The only person I call any names is Agent, and it’s only “hypocrite” or “troll” since I have enough evidence in other articles that proves he is, in fact, a hypocritical troll.

            I’ve never insulted the intelligence of anyone else and I’ve never called anyone else any names on this site.

  • December 18, 2014 at 4:18 pm
    bob says:
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    maybe we ought to just give going without TRIA a test drive and see what happens in the insurance marketplace. maybe we don’t need risk exposures as big as we have had. maybe there will be more diversification and spread of risk. maybe the private marketplace will find a solution to the problem. how many “insurmountable” problems have we overcome in the past 100 years. sounds like the opponents of early locomotives saying if you went over 35 miles an hour you would die – – – -.

    • December 19, 2014 at 4:09 pm
      Stan says:
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      Locomotives Bob? How old are you?

      • December 19, 2014 at 5:14 pm
        It's in perspective, Stan says:
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        How about if you come up with a more “modern” example….

    • December 22, 2014 at 4:26 pm
      Dave says:
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      Bob’s age aside, this is an excellent question that’s not getting asked. After 12 years has TRIA outlived it’s initial purpose of stepping in until a viable commercial market was available? Is its continuation retarding the growth of a private market?

  • December 19, 2014 at 10:00 am
    Stush says:
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    Don’t bother blaming the president; this was not his job anyway. You can blame Hensarling and Coburn, those two financial wizards who know all about how insurance works and know how to kill the fat in government. Neither of them are doing anything other than feathering their nests, hoping the campaign money will be there when they run next. We need term limits and mandatory voting, both of which would stop all this crap and make our government more what everyone wants it to be. Imagine the impact…no more going to congress as a working stiff and coming home a millionaire, with good job prospects and a book deal when you retire? Imagine politicians having to do face time with folks in the lower wards, folks who actually work for someone else every day and get paid minimum wage? what kinds of promises would they have to make then? and imagine that congress would have to rely on “real” expert testimony when crafting legislation, instead of having a sponsor’s legal team write it for you? Imagine if Hensarling and Coburn would go home to their districts and have folks demand explanations for getting in the way of business? TRIA doesn’t cost us anything, it is the potential that is being hedged against…how is that NOT a plank in the Tea Party and Republican party platform? Same as Nebraska and Oklahoma suing Colorado, when it surely is about state’s rights vs the Fed? Methinks that Hensarling and Coburn have no dog in the fight but are looking, as they said, for leverage…for what? or their own gain? They know nothing about the economics of it. only the political.

    • December 19, 2014 at 12:11 pm
      Rosenblatt says:
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      “We need term limits”

      I’d like to upvote this comment 1,000,000 times, please IJ.

      • December 19, 2014 at 1:24 pm
        Yogi Polar Berra says:
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        “Term limits” is the battle cry of lazy people who won’t try to determine the underlying problem; i.e. uninformed voters voting for the most handsome or beautiful candidate, or the candidate who promises to give things to them if elected.

        The TRIA should be adjusted for current conditions around the globe, which, surprisingly to some, are not safer than in the past.

        • December 19, 2014 at 2:39 pm
          Rosenblatt says:
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          “Term limits” used by intelligent people (or semi-intelligent depending on how you view my posts :) is one battle cry of people who are frustrated with the (in essence) locked-down two-party system and those who recognize the majority in the House & Senate are mostly concerned with pleasing their benefactors to ensure additional money is received for the next election cycle so they can run again for a House/Senate seat ad infinitum.

          Our country would be a lot better if our elected officials were more interested in servicing the will of the American people as opposed to the special interest groups who (basically) pay for them to get re-elected each year.

  • December 22, 2014 at 12:45 pm
    bob says:
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    while not completely against the idea of term limits, think about having a continuous cycle of inexperience lawmakers who have to go to their hired staff members for the “institutional memory” of how the system operates. those staff members will recycle from one congressman to another, I am afraid. newly elected congressman have to rely very heavily on the experience of their staff.

    • December 23, 2014 at 3:35 pm
      Agent says:
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      You are right Bob. Back a few years ago, I used to write to my Senators and Congressman on Congress.org. The staff sees those and does the reply for them, usually a canned letter and often off subject from what they were asked. I had to give up because it was useless.

      • December 24, 2014 at 11:00 am
        Rosenblatt says:
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        Don’t you just hate it when you take the time to write something to someone and their reply is completely off-subject? That is frustrating, and you’re right – it does become useless trying to talk to people who respond in that manner.

        • December 24, 2014 at 11:41 am
          Agent says:
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          Merry Christmas and Happy New Year to you Rosenblatt.

  • December 22, 2014 at 3:30 pm
    FFA says:
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    Wonder is this influenced Sonys decision to pull the plug on what some say was a bad movie anyways…

    Just wondering…

    • December 23, 2014 at 6:40 am
      ins202 says:
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      I don’t think so. First, Sony didn’t pull the plus, the theater owners did. Second, a theater attack (even on a large multiplex) wouldn’t be large enough to trigger TRIA.

      • December 23, 2014 at 11:05 am
        FFA says:
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        I never did get myself familiar with the rules so I am only looking for info, not some sort of a debate. All news reports I have seen state that Sony pulled the plug, not the theaters. Saw something on news this AM that Theater Owners are asking for Sony to release it.

        Do the rules specify only one location as opposed to a “strike” against a single entity over multiple locations?

        • December 23, 2014 at 3:38 pm
          Agent says:
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          FFA, what I saw was that both Sony and the theatres decided to pull the plug. Now, they can put it out on DVD and Netflix and others can rent it out.

          • December 23, 2014 at 4:13 pm
            FFA says:
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            I heard a news report this afternoon that they are releasing it. Now they got all the pub, I guess they are going to see what happens.

  • December 22, 2014 at 6:00 pm
    Celtica says:
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    So — Agent DOES want more government oversight — and from Obama -??? Never thought I’d see the day.

    Why, yes, Virginia, there is a Santa Clause…(
    spelling intended)…

  • December 24, 2014 at 1:22 pm
    Jesus H Christ says:
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    Well, it’s almost upon us, the time of year when we celebrate my springtime birth. I’d like to wish all my fellow sisters and brothers in this crazy insurance world a very merry Me-mas. Let us all put aside our petty bickering for one day and remember you all got into this business because deep down you’re all good people, who just happen to disagree on some things.Remember that for those of you in the US, you still live in the greatest country ever and have the freedoms many other countries would die for, literally.Libby, Agent, Bob, Booger,even that hell-bound Farmer John, have a very Merry Me-Mas!



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