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The TRIA Program Reauthorization Act of 2026 ensures the continued federal backstop for terrorism risk insurance, stabilizing the insurance market against catastrophic events. This reauthorization directly benefits major property and casualty insurers by limiting their exposure to terrorism-related losses.

This bill expands the market for private flood insurance, directly benefiting Write Your Own (WYO) insurance companies by allowing them to compete more effectively with the National Flood Insurance Program (NFIP). This creates new revenue streams for private insurers and increases consumer choice.

The Pandemic Risk Insurance Act of 2020 creates a federal backstop for pandemic-related business interruption losses, directly benefiting the insurance industry by limiting their exposure. This legislation stabilizes the market for pandemic risk coverage, allowing businesses to secure protection against future outbreaks. Insurers like Berkshire Hathaway ($BRK.A) and AIG ($AIG) will see reduced catastrophic risk.

The Flood Insurance for Farmers Act of 2025 will expand federal flood insurance coverage to agricultural properties, increasing the total addressable market for flood insurance providers. This bill provides a new revenue stream for insurers and stabilizes agricultural income.