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Let the Terrorism Risk Insurance Act (TRIA) Expire

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Publication Date: December 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): David C. John

Series: WebMemo

Topic: Business (Insurance)

Keywords: Regulation; reinsurance; TRIA; insurance

Type: Brief

Coverage: United States

Abstract:

Government terrorism insurance distorts markets and amounts to corporate welfare. Congress should let it expire.