November 5, 2014 The Honorable John Boehner Speaker U.S. House of Representatives Washington, DC 20515 The Honorable Nancy Pelosi Democratic Leader U.S. House of Representatives Washington, DC 20515 The Honorable Kevin McCarthy Majority Leader U.S. House of Representatives Washington, DC 20515 The Honorable Steny Hoyer Democratic Whip U.S. House of Representatives Washington, DC 20515 Dear Speaker Boehner, Leader Pelosi, Leader McCarthy and Whip Hoyer: We are writing to urge you to bring legislation to extend the Terrorism Risk Insurance Act (TRIA) to the floor of the House for a vote. The delay in extending this program has already resulted in increased risk and cost for employers across the country and failure to enact an extension will impose additional costs with respect to workers’ compensation for business and negatively impact job creation. Workers’ compensation cannot exclude terrorism, impose policy limits, or exclude losses from nuclear, biological, chemical, or radiological (NBCR) attacks. The risk falls directly on workers’ compensation and the employers who are required to maintain coverage for workers. A review of the impact of failing to extend the program was conducted by RAND, concluding that workers’ compensation policy premiums would increase, more policies would be pushed into residual markets and employers would be required to absorb additional risk. These costs are not theoretical. They impact business every day. The recent increased terrorism threats only underline the need to act now to extend this program. As you know, the Senate has already acted with an overwhelmingly bi-partisan vote of 93-4 in favor of an extension. The program is scheduled to end at the end of 2014, leaving a limited number of legislative days to address this critical issue. We urge you to act now to approve a long term extension of TRIA and minimize the cost to employers of the risk of terrorism. Alabama Self-Insured Work Comp Fund Alternative Risk Ltd. Arkansas State Chamber of Commerce Associated Industries of Arkansas Associated Industries of Massachusetts Bridgefield Casualty Insurance Company Bridgefield Employers Insurance Company Business Council of Alabama California Manufacturers and Technology Association California Self-Insurers Association Connecticut Business and Industry Association CNA Electric Insurance Company Florida United Businesses Association Georgia Association of Manufacturers Great American Insurance Group Illinois Manufacturer’s Association Indiana Chamber of Commerce Indiana Manufacturers Association Louisiana Association of Self Insured Employers LUBA Workers’ Comp. Marriott International, Inc. Michigan Chamber of Commerce Michigan Health & Hospital Association Michigan Manufacturers Association Michigan Self-Insurer’s Association Missouri Association of Manufacturers Missouri Merchants and Manufacturers’ Association Montana Chamber of Commerce Montana Manufacturing Council Nautilus International Holding Corporation National Association of Professional Employer Organizations National Council of Self Insurers New Jersey Business and Industry Association Ohio Chamber of Commerce Paychex, Inc. Pennsylvania Chamber of Business and Industry People Systems Raytheon Republic Indemnity Company of America Safeway Summit Consulting, LLC The State Chamber of Oklahoma Texas Association of Business UWC – Strategic Services Virginia Chamber of Commerce Washington Retail Association