Best’s Commentary: Proposed Reauthorization of Federal Terrorism Risk Backstop Shifts More Risk to Insurers

OLDWICK, N.J.–(BUSINESS WIRE)– #insurance–Proposed changes to the federal terrorism insurance backstop could increase the trigger to $10 million from $5 million and require insurers to take on more terrorism losses, according to new AM Best commentary.The proposed Terrorism Risk Insurance Program (TRIA) Program Reauthorization Act of 2026 extends the expiration for the current Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2027 to Dec. 31, 2034. Both chambers of Congress have approved th

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