terror risk News
Private Market Can’t Reach TRIA Levels of Terror Cover: Govt. Report
Those who back renewing the Terrorism Risk Insurance Act, or TRIA, got shot in the arm on April 17 from federal regulators who have concluded that the private market can't provide reinsurance for ...
Life Without TRIA: Zurich, ACE Execs Debate Terror Coverage Strategies
Two weeks before the Senate introduced legislation to extend the federal terror insurance backstop, carrier executives revealed opposing plans for offering coverage to customers exposed to terror ...
U.S. Terror Risk Undiminished As Terror Groups Multiply: Senator
The risk of a terrorist attack against the U.S. hasn't diminished as groups affiliated with al- Qaeda have proliferated and are developing explosive devices designed to elude detection, Senator ...
We Can Write Terror Risk, Industry Execs Say
At least two property/casualty insurance and reinsurance industry executives highlighted the industry's capacity to write terrorism coverage during recent earnings calls, with the most forceful ...
Terror Risk Bond Market Unlikely, Says Swiss Re Americas CEO
Testifying before the House Committee on Financial Services on the future of the federal terrorism backstop Thursday, a reinsurance executive said the capital markets will not solve terrorism ...
TRIA Structure Will Change, But Renewal Expected: Analyst
After property/casualty insurance industry representatives presented testimony before the House Committee on Financial Services on the future of the federal terror backstop, a research firm predicted ...
85% of Insurers Won’t Write Terror If TRIA Not Renewed: Aon
Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away. The brokerage firm revealed the conclusion based on its "market ...
What Should Carrier Execs, Directors Ask About Terror Risk?
As carrier executives and members of carrier boards work to get more comfortable with the risks their property/casualty insurance enterprises are taking on, one risk they will likely want to ...