President Barack Obama signed a measure to extend through 2020 the Terrorism Risk Insurance Act (TRIA), a federal backstop for insurers offering coverage against terrorism. This follows the U.S. House of Representatives and U.S. Senate’s votes to reauthorize TRIA early in the 2015 legislative session.
Congress had allowed TRIA to expire at the end of 2014, creating uncertainty in the insurance, commercial real estate and construction industries.
Insurers across the nation worked hard to encourage the reauthorization of this program and we’re proud to stand among them. Read more about the TRIA extension.