NAIC Passes Resolution Urging TRIA Reauthorization

The National Association of Insurance Commissioners has passed a resolution supporting the reauthorization of the Terrorism Risk Insurance Act, which is set to expire in December 2014.The resolution urges Congress to pass the legislation, which NAIC President-Elect Adam Hamm said provides essential coverage for commercial policyholders and “is an invaluable part of the industry’s ability to preserve its financial protection and maintain risk management.”The resolution passed during a meeting of the NAIC’s Government Relations Leadership Council at the summer national me...