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.