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News Focus - Senate passes TRIA extension bill.

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| February 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

In a unanimous consent vote, the US Senate has passed the Shelby/Dodd TRIA extension compromise bill, S.467, which includes the "Make Available" stipulation requiring that insurers make coverage available to policyholders in all lines covered by the TRIA insurance programme.

The bill, which was brought in at the last minute despite urgent pleas from the (re)insurance industry for Congress to extend TRIA during 2005, would move the current 15% company retention to 17.5% in ...

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