11 December 2014Insurance

House passes Tria; industry waits on Senate

The House of Representatives passed a bill last night (Wednesday December 10) to reauthorize the Terrorism Risk Insurance Act (Tria) but the bill may still face opposition in the Senate due to changes made to the Dodd-Frank act to allow non-financial companies to be exempt from certain rules in trading derivatives.

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House passes Tria; industry waits on Senate

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