The Congressional Budget Office focuses mainly on property-casualty coverage in an analysis of the cost of dropping the federal terrorism reinsurance program.[@@]
The current Terrorism Reinsurance Act program is set to expire at the end of the year.
CBO analysts argue that the cost of scaling back the TRIA program when it expires “is likely to be small” and that eliminating the program could result in “gains in economic efficiency.”
The analysts do not discuss the merits of including group life insurers in the TRIA program.
The analysts refer briefly to group life insurers in a section that states that group life accounts for about $100 million of the $1.5 billion in expected average annual losses that are subject to TRIA coverage.