Senate passes six-year TRIA reauthorisation

The US senate passed legislation today (8 January) to renew
government terrorism backstop TRIA for six years in a move roundly
applauded by the (re)insurance industry.
The Terrorism Risk Reauthorisation Act of 2015 (HR 26) was
passed by a vote of 93 to 4 after near unanimous passage by the
House of Representatives yesterday, and will now go to President
Obama to be signed into law.
The rapid bipartisan resolution of TRIA renewal comes after
reauthorization legislation was blocked at...