I somewhat disagree with taf. You can't have a certified TRIA loss under $5MM because the U.S. Secretary of the Treasury, in concurrence with the Secretary of State and Attorney General, are the persons who will (or won't) declare a certified loss. In order to trigger coverage under TRIA all of the ...

For TRIA, the $5 million in "insured losses" is all insured losses from all collective insureds' carriers who have suffered injuries/damages. At the World Trade Center for example, that would have included all the buildings at the site, all tenants and their property, nearby building owner...