Article ID: 54927915453addc66cfbf4c118b2b9bd5b0c8ef517ea7473bee5188fe4c42315
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/senate-passes-tria-extension-legislation/
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Senate passes TRIA extension legislation - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Senate passes TRIA extension legislation by Matthew Lerner P/C Legislation and Regulation , Property , Reinsurance , Terrorism Sep 29, 2026 The U.S. Senate late Monday approved the Terrorism Risk Insurance Program Reauthorization Act of 2026 to extend the program until 2034. Current legislation expires at the end of 2027. Senate Bill 4395 was introduced on April 27, 2026, by Sens. David McCormick R-Penn., Tina Smith D-Minn., Thom Tillis R-N.C. and Ruben Gallego D-Ariz., according to a statement from Sen. McCormick’s office. The U.S. House of Representatives passed its own version of the legislation on June 30. The Senate bill was a simple reauthorization, but the House bill raises the insured loss threshold for certifying a terrorist act from $5 million to $10 million, effective in 2029, and would also require the Treasury Department to provide notice during the certification process. The differences between the House and Senate bills must be resolved before legislation can be sent for presidential approval. “State sponsors of terror pose a persistent threat to the United States, and we must be prepared,” Senator McCormick said in the statement. TRIA, which was originally passed in 2002 after the Sept. 11, 2001, terrorist attacks in the U.S., was previously reauthorized in 2005, 2007, 2015, and 2019. Related News Hub unit fails to overturn $6.6 million microcaptive tax penalty September 29, 2026 MSIG names former Liberty Mutual exec to head E&S property September 29, 2026 Insurers owe no coverage in $11 million quarry shutdown September 29, 2026 Newsom signs cold-storage legislation September 29, 2026 Chubb must pay $30 million in coal silo collapse coverage fight September 29, 2026 Mental health claim frequency rises 47% in comp: WCRI September 29, 2026 Lexington sets up financial institutions practice through LexPro September 29, 2026 SiriusPoint, Sutton partner on NIL coverage September 29, 2026 ReSource Pro launches workers comp program management offering September 29, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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