Expiration of Federal Terrorism Insurance Backstop Threatens CRE

Expiration of Federal Terrorism Insurance Backstop Threatens CRE

Just when you thought it was safe to read a news story about Congress, legislators are risking the entire commercial estate finance system by delaying the renewal of the Terrorism Risk Insurance Act of 2002, according to the Real Estate Roundtable, a commercial real estate advocacy group.

“Lenders will not lend for commercial real estate and building owners will be vulnerable to catastrophic loss,” if Congress fails to renew TRIA, according to the Ro

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