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White Paper Analyzes Loss Retention Under Terrorism Extension Act

National News • December 29, 2005
AIR Worldwide Corporation conducted an analysis of the potential impact on insurers of the Terrorism Risk Insurance Extension Act of 2005. The Act was signed into law last week and extends the ...

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Subject: Exclusion of commercial auto liability under TRIA?

Posted On: January 10, 2006, 2:56 pm CST
Posted By: Michael Belcher
Comment:
In our Monday morning sales meeting when producers were informed commercial auto liability was now being excluded under TRIA, question arose as to what truckers/ risks with trucking exposures are expected to do for coverage? The example of a truck loaded with explosives causes an explosion while driving into a refinery or some other volatile operation? It is obvious the toll for Bodily Injury and Property Damage could be quite catastrophic. Short of it being difficult to predict such a loss we were looking for any additional rationale as to why Commercial Auto Liability is excluded under TRIA? Thanks
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Exclusion of commercial auto liability under TRIA? Michael Belcher
Jan 10, 2006, 2:56 pm
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