The latest legislative updates across the U.S. including TRIA's reauthorization, new employment laws in California, and DUI law changes in Oklahoma. (Photo: Bigstock)
Editor's Note: At the start of each month, we publish insurance legislative and regulatory news and updates from around the nation.
|National updates
The U.S. House of Representatives Financial Services Committee passed a bipartisan bill to extend the Terrorism Risk Insurance Program (TRIP) for seven years in a unanimous vote. The most notable change to the bill is the inclusion of a mandate for a study to be conducted on cyber terrorism, including whether the risk-share system is appropriate for a cyber terrorism attack, and whether cyber coverage can be adequately priced by the private market.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
