December 15, 2014
Supporters of renewing the federal terrorism reinsurance program are optimistic that the Senate will follow the House and approve it, however the exact day and time of the Senate vote this week remains unclear. In addition to dealing with the …
July 17, 2014
In a 93-4 vote, the Senate today passed the Terrorism Risk Insurance Program Reauthorization Act of 2014 (S. 2244 ) that extends the federal reinsurance program for seven years. In addition to extending the Terrorism Risk Insurance Act (TRIA) for …
June 17, 2014
Property/casualty insurers are welcoming the unveiling of a House terrorism insurance bill as a sign of progress even though there are provisions in it they oppose. Introduced by Rep. Randy Neugebauer, R-Texas, chairman of the Insurance and Housing Subcommittee, the …
June 3, 2014
The U.S. Senate Banking Committee approved a legislation that would extend for seven years the government’s financial backstop of terrorism insurance. The panel approved by a 22-0 vote a bipartisan bill that would raise commercial insurers’ co-payment to 20 percent …
April 15, 2014
Insurance industry lobbying groups are hopeful that the bipartisan legislation introduced in the Senate on April 10 to reauthorize the Terrorism Risk Insurance Act, or TRIA, will have a better chance for passage than some of the earlier House attempts. …