STATE OF NEW YORK

EXECUTIVE CHAMBER

GEORGE E. PATAKI, GOVERNOR


Press Office
518-474-8418
212-681-4640
http://www.state.ny.us

FOR RELEASE:
IMMEDIATE, Friday
June 18, 2004

STATEMENT FROM GOVERNOR GEORGE E. PATAKI

        "Today's decision by Treasury Secretary Snow to extend the 'make available' provision of the Terrorism Insurance Act (TRIA) is great news for the economic rebuilding of New York. The provision ensures that businesses investing in our future have access to terrorism insurance coverage, providing them with the confidence to invest and create new jobs in New York. I applaud Secretary Snow for extending the 'make available' provision and am confident that this decision, well in advance of the September 1 deadline, is another tremendous sign of the Bush Administration's commitment to strengthening the economy here in New York and across the nation.

        "TRIA has proved to be an effective mechanism in making crucial terrorism insurance coverage available throughout the nation. It has certainly helped large, medium, and small-sized businesses here in New York, and I renew my call to Congress to extend TRIA beyond its 2005 expiration date to continue maintaining stability in the insurance marketplace."


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