On Wednesday, the U.S. House of Representatives passed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015 during the first days of the 114th Congress by a 416-5 bipartisan vote.
Bi-partisan support extends Terrorism Risk Insurance Act by six years, and also includes agent licensing reform with the inclusion of a permanent National Association of Registered Agents and Brokers. UPDATE: House also passes the Insurance Capital Standards Clarification Act, which recognizes the difference between the banking and insurance markets.
Bi-partisan support extends Terrorism Risk Insurance Act by six years, and also includes agent licensing reform with the inclusion of a permanent National Association of Registered Agents and Brokers. UPDATE: House also passes the Insurance Capital Standards Clarification Act, which recognizes the difference between the banking and insurance markets.
This week saw another tragic incident for Malaysia Airlines, Senate action on TRIA and more statements regarding GM's recalls. See what industry leaders, lawmakers and others had to say about the biggest insurance stories of the week.
This week saw another tragic incident for Malaysia Airlines, Senate action on TRIA and more statements regarding GM's recalls. See what industry leaders, lawmakers and others had to say about the biggest insurance stories of the week.
Conservative House Republicans intend to hold legislation reauthorizing a federal backstop for terrorism risk insurance hostage unless they get the slimmed-down version of the bill they support, they indicated Thursday.
Conservative House Republicans intend to hold legislation reauthorizing a federal backstop for terrorism risk insurance hostage unless they get the slimmed-down version of the bill they support, they indicated Thursday.