End of Terrorism Risk Insurance Act could slow construction activity

05/8/2013 | Business Insurance (tiered subscription model)

The Terrorism Risk Insurance Act is due to expire at the end of 2014, but an extension is being considered in the House. "If Congress fails to extend TRIA legislation, the impact would be felt in industries such as banking, commercial real estate and construction," said Fitch Ratings. "A lack of available insurance coverage can create secondary economic repercussions that affect property values, construction activity and employment."

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