TRIREATerrorism Risk Insurance Revision and Extension Act (U.S.)
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Aon views the following provisions as critical for inclusion in any final TRIREA 2007 legislation:
Aon is very concerned with TRIREA 2007's provision requiring Congress to authorize funding for the backstop on a post-event basis.
In addition to extending TRIA for 10 years with current co-payments and deductibles for conventional terrorism acts, the proposed TRIREA would expand TRIA's "make-available" requirement to include nuclear, biological, chemical and radiological (NBCR) coverage, as well as change TRIA's definition of terrorism to include acts of domestic terrorism.