News/Press Releases

TRIA Extended

We are pleased to note that on January 12, 2015 President Obama signed the Terrorism Risk Insurance Program Reauthorization Act of 2015 into law. TRIA has been extended without a lapse through December 31, 2020. The extension of the law means that there will be no changes in coverage or pricing to policies that are already in-force. Policyholders that purchased coverage for certified acts of terrorism will continue to have terrorism coverage and policyholders that rejected terrorism coverage will continue to have exclusions. The extension did change a number of TRIA provisions that will necessitate updated disclosure notices.  The updated notices will be distributed as quickly as possible.