Terrorism Risk: A Continuing Threat
Before the attack on the U.S. on September 11, 2001, terrorism was traditionally included under most “Special” (also known as “All-Risk”) property and liability policies in the U.S. as a covered peril....
View ArticlePossible Expiration of TRIA Causes Insurance Marketplace to React
With the expiration of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) approaching at the end of 2014, the Insurance Information Institute has issued an updated white paper,...
View ArticleLondon Market Responding to Shifting Sands of Terrorism
The War and Terrorism market in 2014 has not seen as large an influx of new entrants and capacity into the London market as in recent years. Instead, it has settled down to engage in intelligent...
View ArticleUS Terrorism Program Still Pending
Latest Developments (as of Dec. 16, 2014, 11:30 a.m. CT): Industry stakeholders continue to closely monitor last minute developments with the Dec. 31 expiration of the Terrorism Risk Insurance Program...
View ArticleUS Terrorism Program Non-Renewed; Senate Adjourns Without Voting To Renew
Latest Developments (as of Dec. 17, 2014, 2 p.m. CT) Yesterday evening, the Senate adjourned without voting on S.2244, the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). Absent unlikely...
View ArticleP&C Market Update: How TRIPRA Nonrenewal Affects Insurance Programs & Why...
The non-renewal of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) has far-reaching implications, as the federal backstop will be unavailable to traditional insurers as well as to...
View ArticleSpecial Update: TRIA Extension Passes House and Senate
On January 8, the 114th Congress addressed the “unfinished business” of the preceding Congress, which adjourned in late December without renewing the Terrorism Risk Insurance Program Reauthorization...
View ArticleSpecial Update: TRIA Extension Signed into Law by President Obama
On January 12, US President Barack Obama signed into law a six-year reauthorization of the Terrorism Risk Insurance Act (TRIA). Clearing the way for the president’s signature, the House and Senate...
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