President Barack Obama signed into law a six-year reauthorization of the Terrorism Risk Insurance Act (TRIA) Monday night. TRIA had expired on Dec. 31 after the Senate failed to authorize the bill in December.

The Independent Insurance Agents & Brokers of America (IIABA or Big “I”) praised the bill’s passage. “It’s been a long time coming, but the Big ’I’ has been vigilant for our members and consumers and today’s action by the President on this bipartisan legislation marks a tremendous victory for our association and the rest of the industry,” said Bob Rusboldt, Big “I” president & CEO.

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