Insurance industry welcomes Senate approval of seven-year TRIA extension
By Mark A. Hofmann, Business Insurance Insurers and other industry groups are welcoming Thursday’s 93-4 Senate vote to extend the federal terrorism insurance backstop for seven years. The Terrorism Risk Insurance Program Reauthorization Act of 2014 — S. 2244 — would maintain the current trigger for the program, which was created by the Terrorism Risk Insurance…