Associations ‘profoundly disappointed' by Senate inaction on TRIA The Senate adjourned late Tuesday without reauthorizing the Terrorism Risk Insurance Act, which will now expire Dec. 31. Reauthorization had wide bipartisan support, and had overwhelmingly passed the House, but was blocked by Sen. Tom Coburn (R-Okla.). "It is unconscionable that the U.S. Senate would adjourn without finishing their job … when the threat of a terrorist attack against the United States is at the highest level it has been in a decade," said David Sampson, CEO of the Property Casualty Insurers Association of America, in a statement. "TRIA plays a vital role in our national economic security. If… Read More