Tag Archives: TRIA

RAND Study: TRIA Expiration Could “Affect U.S. National Resilience”

The Terrorism Risk Insurance Act (TRIA), which provides a federal backstop for insured terrorism losses, will expire later in 2014. There’s been plenty of discussion about the disruption to insurance markets that could be created by failure to renew this … Continue reading →

Rough Ride for Terrorism Insurance on the TRIA Trail

American Umbrella: TRIA protection

No one knows where the TRIA trail will lead: to another extension or the end of the line for the U.S. government backstop for terrorism insurance, which expires at the end of 2014. What we do know is that disruption … Continue reading →

Terrorism Insurance and TRIA: Trick or Treat on Capitol Hill

U.S. Capitol in Stormy Weather

In our Scariest Risks special feature last week, I wrote about the uncertainty of Congressional reauthorization TRIA.  With a little more space at my disposal, let me go into more detail about the situation. Continue reading →

Scariest Risks of 2013

Scariest Risks

Halloween season always puts us in a dark frame of mind here at WillisWire, reflecting not on ghosts and goblins but on all the scary risks we help our clients prepare for.  This year, 18 of our bloggers submitted the … Continue reading →

What We Told the New York City Council in Support of Renewing TRIA

New York Terrorism

The New York City Council Committee on State and Federal Legislation is hearing testimony today in advance of their plans to submit a petition* to U.S. Congress and the President asking them to extend TRIA, the federal Terrorism Risk Insurance … Continue reading →

Willis Deputy CEO Steve Hearn: Extension of TRIA is Critical

Steve Hearn, Deputy CEO, Willis Group Holdings, spoke with A.M. Best from the RIMS 2013 Conference about the importance of renewing the TRIA, the terrorism insurance backstop, lessons learned from Hurricane Sandy, and innovation in the insurance industry. Continue reading →

Washington Debates the Future of the Terrorism Risk Insurance Act (TRIA)

TRIA

The House Subcommittee of Insurance, Housing and Community Opportunity will meet today to hear testimony from a broad panel of industry witnesses as to the effectiveness and continuation of the Terrorism Risk Insurance Act of 2002. Continue reading →

Video: Change of Direction in Terrorism

In this video interview, I discuss today's changing terrorism landscape. Continue reading →

RIMS Panel: Life After TRIA

It has been 10 years since the creation of the Terrorism Risk Insurance Act (TRIA) in response to the horrific events of 9/11. Drafted originally to provide stability to an insurance market in free fall, TRIA (and its subsequent extensions) … Continue reading →