A.M. Best Report: Terrorism – Too Risky Without TRIA

December 19, 2005

  • December 20, 2005 at 9:31 am
    Not Sure says:
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    I\’m not sure I understand. Yes, we did experience the tragedy of 9/11-once.

    Since, we have experienced tragedies such as Charlie, Frances, Jeanne, Ivan, Katrina, Rita and Wilma (04 & 05 only) without benefit of a Congressionally mandated/support relief program. Is it the combination that necessitates Congressional Involvement?

  • December 20, 2005 at 11:01 am
    Bob says:
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    The issue is really the lack of reinsurance protection for Terrorism vs nat cat losses. Until the reinsurance marketplace (as a whole, not opportunistically) can figure out how to make money on underwriting terrorism it will remain generaly unavailable.



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