In theory, most Americans would like to pay off their home in 15, 10 or even 5 years. Most Americans would like their mortgage to remain at today’s historically low rates, or even see a lower rate. And in theory, most Americans would probably agree with the notion that buying a home should solely involve themselves and a lender.
The introduction of legislation to reauthorize Terrorism Risk Insurance Act (TRIA) by the House Financial Services Committee is a positive step toward ensuring universities, hotels, stadiums and other facilities have access to terrorism insurance. The Financial Services Roundtable (FSR), however, has concerns about provisions in the legislation that may decrease private market capacity and inject ambiguity into the recovery following an event.