In addition to creating a federal backstop to participate in insured losses, TRIA intervenes into resolution of third-party liability actions by:
- Creating an exclusive federal cause of action that displaces State tort law;
- Directing litigation arising out of an act of terrorism into federal courts; and
- Requiring Treasury’s approval of certain settlements.
11.2 – Forum for Litigation
11.5 – Advance Payments
11.6 – Right of Subrogation