08-12-2014 18:48 via insuranceinsider.com

Tria reauthorisation deal expected soon

The long-awaited renewal of the US Terrorism Risk Insurance Act
(Tria) should be confirmed ahead of the 31 December deadline,
according to sources.
A six-year reauthorisation deal between the House of
Representatives and the Senate is expected to be announced in the
coming days, with the programme trigger likely to double to
$200mn.
The existing taxpayer-funded backstop has a trigger of
$100mn.
Last week, 45 members of the House of Representatives urged
speaker John Boehner and majority leader K
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