TRIA Reauthorization Faces Uphill Battle in Politically-Distracted House

One week after the Senate passed a reauthorization of the Terrorism Risk Insurance Act by a vote of 93-4, the insurance industry-supported measure faces high political hurdles and looming deadlines in the House. “It will absolutely require some type of compromise,” said Robert Hartwig, president of the Insurance Information Institute.  Business groups, insurers and the National Governors Association overwhelmingly favor the Senate bill, S 2244, over an alternative passed by the House, HR 4871. But groups as diverse as the conservative Heritage Foundation, the liber...