Insurance

On 7 January 2015, TRIA passes the House

On 7 January 2015, hotelnewsresource.com reported the passage of the Terrorism Risk Insurance Act (TRIA): Hotel Industry Applauds House Passage of Terrorism Risk Insurance Act. The article said, “The American Hotel & Lodging Association (AH&LA) today praised the U.S. House of Representatives for passing legislation H.R. 26, Terrorism Risk Insurance Program Reauthorization Act of 2015.” TRIA was first passed by Congress in 2002 as a U.S. Government-sponsored, post 9-11 attack measure to strengthen terrorism insurance coverage purchased by corporations.

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