13 January 2015 Insurance

Obama signs TRIA

President Obama has signed the six-year renewal of the Terrorism Risk Insurance Act (TRIA) into law.

Last week, the US Senate reauthorised the bill which was passed on a 93-4 vote, following an overwhelming majority vote in the House of Representatives.

Jeffrey DeBoer, the Real Estate Roundtable's president and chief executive officer, said: "With President Obama's signature on the Terrorism Risk Insurance Act (TRIA) today, America's businesses can once again focus on productive ways to build on the economic recovery now underway and create even more private sector jobs.

“TRIA will not stop terrorists. It does allow all businesses of all types across the nation to secure the insurance and financing that is necessary to expand. The Roundtable commends Congress for reinstituting the expired TRIA law as its first order of business this year, and passing it with nearly unanimous bipartisan support."


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8 January 2015   The House of Representatives has again voted to reauthorise the Terrorism Risk Insurance Act (TRIA), although the question remains on whether it will face opposition in the Senate.
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11 December 2014   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.

More on this story

Insurance
2 June 2016   SmarterSafer.org, a US coalition of taxpayer advocates, environmental groups, insurance interests, housing organizations and mitigation advocates, has released a statement to mark the start of the 2016 Atlantic hurricane season, which began on 1 June and runs through until 30 November.
Insurance
8 January 2015   The House of Representatives has again voted to reauthorise the Terrorism Risk Insurance Act (TRIA), although the question remains on whether it will face opposition in the Senate.
Insurance
11 December 2014   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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