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Terrorism Risk Insurance Act TRIA

Following the terrorist attacks of September 11, 2001, insurers backed out of the terrorism insurance market place prompting Congress to create a federal reinsurance backstop program in the Terrorism Risk Insurance Act (TRIA) of 2002, which also mandated that insurers make terrorism coverage available along with its property and casualty lines.  This program was reauthorized in January 2015 to reauthorize the program through 2020.

February 6, 2015
On Wednesday, Feb. 4, the Federal Insurance Office within the Department of the Treasury released interim guidance on implementation of the Terrorism Risk Insurance Program Reauthorization Act of 2015, which was signed into law on Jan. 12 and renewed the federal Terrorism Risk Insurance Program through 2020.
January 20, 2015
On Monday, January 12, the President signed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015, into law.
January 19, 2015
Featured Segments: Reduction in FHA annual premium; NAR President Chris Polychron meets with President Obama; victory on terrorism insurance; NAR Chief Economist Lawrence Yun's 2015 market outlook.
January 12, 2015
In its first act of business in the 114th Congress, on Jan. 7 the House passed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015, by a vote of 416-5.
January 8, 2015
Congress passed the Terrorism Risk Insurance Act, which reauthorizes the program for six years.

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