Support Grows for Renewing Federal Terrorism Insurance Program

As legislators evaluate a bill to renew the federal terrorism insurance program, the American Property Casualty Insurance Association (APCIA) expresses preliminary support. The House Financial Services Committee is reviewing H.R. 7128, the TRIA Program Reauthorization Act of 2026, proposing a seven-year extension of the Terrorism Risk Insurance Program. This program is vital for safeguarding economic stability against terrorism-related risks.

Sam Whitfield, APCIA’s senior vice president for federal government relations and political engagement, underscores the importance of proactive measures to prevent operational disruptions due to the program's pending expiration. "APCIA supports the House Financial Services Committee’s consideration of H.R. 7128, which extends the Terrorism Risk Insurance Program, offering critical economic protection against terrorist acts," Whitfield stated.

The APCIA statement further advocates for timely legislative action and acknowledges the efforts of committee leaders, including Chair French Hill and Ranking Member Maxine Waters. "We urge the Committee to pass H.R. 7128 and collaborate with lawmakers to refine the bill through the legislative process," added Whitfield. Representing insurers in home, auto, and business insurance, APCIA champions policies that bolster market stability, compliance, and protection against large-scale risks globally.