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This is what the likely path for TRIA renewal looks like

The most likely path to enactment of legislation reauthorizing a federal backstop for terrorism risk insurance that insurers can live with is House de facto acceptance of the preferable Senate bill.

By Arthur D. Postal | Updated on October 01, 2014

WASHINGTON—The most likely path to enactment of legislation reauthorizing a federal backstop for terrorism risk insurance that insurers can live with is House de facto acceptance of the preferable Senate bill, through inclusion of it in a must-pass congressional resolution (CR) needed to keep the government running through the transition to a new Congress.

“I am not sure there will be negotiations [between conflicting Senate and House versions of the Terrorism Risk Insurance Act (TRIA) reauthorization) bill,” said Jimi Grande, senior vice president of federal and political affairs for the National Association of Mutual Insurance Companies. “This maintains the $100 million trigger, but also includes significant reforms to the program.”

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