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Business Leaders Warn of 'Rolling Crisis' As Federal Terror Insurance Program Nears Expiration

National News • March 18, 2005
U.S. business leaders came out in force this week to urge renewal of the federal Terrorism Risk Insurance Act and warn that market restrictions on terror insurance coverage are already beginning ...

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Subject: RE: RE: Why this panic about TRIA?

Posted On: March 21, 2005, 8:11 am CST
Posted By: tom
Comment:
Policies will be renewed or issued with expiration dates after the current projected sunset of TRIA. If TRIA isn't renewed, how do insurers address the risk of terrorism that mate3rializes after the sunset date? Inusurers can't initiate mid-term premium changes or impose exclusions. So, without TRIA, the industry has to take all the risk of an event which is inherently uninsurable. As we know from watching the asbestos fiasco, Congress can take forever to deal with important issues. It's time to push for a renewal of TRIA now, not later.
Subject Posted By Posted On
RE: RE: Why this panic about TRIA? tom
Mar 21, 2005, 8:11 am
RE: Why this panic about TRIA? Cindy Thun Figueiredo
Mar 18, 2005, 4:07 pm
Why this panic about TRIA? Peter Rousmaniere
Mar 18, 2005, 12:57 pm
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