IAR members, take a moment to answer the NAR Call for Action: Urge - TopicsExpress



          

IAR members, take a moment to answer the NAR Call for Action: Urge Congress to extend the Terrorism Risk Insurance Act. NARs membership includes commercial practitioners and brokers who work with clients who will be adversely affected if TRIA is allowed to expire at the end of 2014, or if renewed in such a way that constricts the ability of private insurers to provide the necessary coverage. After the September 11, 2001 terrorist attacks, private insurers withdrew from the terrorism insurance market, causing construction projects to stall and commercial property values to drop. Without TRIA in place, commercial real estate financing will be thrown into flux, and the jump in premium rates that will occur will cause a reduction in the value of many commercial properties throughout the country.
Posted on: Wed, 03 Dec 2014 15:12:16 +0000

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