President’s Working Group Releases TRIA Report

Report says coverage is available and affordable, though the market is tightening due to uncertainty over reauthorization; insurance industry groups response mostly favorable.

INN Breaking News, April 17, 2014

Chris McMahon

The private market does not have the capacity to provide reinsurance for terrorism risk to the extent currently provided by the Terrorism Risk Insurance Act, according to the “The Long-Term Availability and Affordability of Insurance for Terrorism Risk,” report just released from the President’s Working Group. And, without TRIA, terrorism risk insurance would be less available, more costly and have limited scope.

Get access to this article and thousands more...

All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?


Free Site Registration