NAR Feels Terrorism Insurance Is A Benefit
SOURCE: Centre Daily Times
The National Association of Realtors feels that the health of the commercial real estate market and the nation's economy as a whole will be helped by federal government's terrorism risk insurance program.
President George W. Bush signed the Terrorism Risk Insurance Revision Extension Act (TRIA), into law which will extend the program for 7 years. The feeling is that commercial real estate has been stabilized by the availability of this insurance and many financing agreements could have been negatively affected if it were no longer available.
The TRIA extension will strengthen economic security of the commercial real estate market because it reduces the uncertainty of the availability of terrorism insurance coverage.
Read full report »
The National Association of Realtors feels that the health of the commercial real estate market and the nation's economy as a whole will be helped by federal government's terrorism risk insurance program.
President George W. Bush signed the Terrorism Risk Insurance Revision Extension Act (TRIA), into law which will extend the program for 7 years. The feeling is that commercial real estate has been stabilized by the availability of this insurance and many financing agreements could have been negatively affected if it were no longer available.
The TRIA extension will strengthen economic security of the commercial real estate market because it reduces the uncertainty of the availability of terrorism insurance coverage.
Read full report »
