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The Independent Insurance Agents & Brokers of America, one of the largest insurance associations in the country, is honing in on several legislative issues that could have implications for claim adjusters and departments throughout this year.

Most importantly, the group is continuing to support the renewal of the Terrorism Risk Insurance Extension Act (TRIEA), which was passed in Dec. 2005 as an extension of the original Terrorism Risk Insurance Act passed three years prior. TRIEA provides a federal backstop for catastrophic terrorist acts, allowing insurance companies to effectively limit the amount of losses they incur. While some view the program as a temporary solution, there is strong indication that the program will either be extended or become permanent sometime next month.

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