Terrorism Risk Insurance Program Reauthorization Act of 2015 TRIPRA
Passed in January 2015, after a delay when the outgoing Congress failed to reauthorize the Terrorism Risk Insurance Act (TRIA) in the last days of the 2014 legislative session, the Terrorism Risk Insurance Program Reauthorization Act of 2015 extended TRIA through December 31, 2020.
Additional Information
It also made several changes to the reinsurance program, including reducing the federal share of insured terrorism losses incrementally through 2020, increasing the trigger threshold for federal involvement in insured terrorism losses incrementally through 2020, and increasing the mandatory recoupment of federal losses incrementally through 2020.
