The House passed legislation last night to provide up to $100 billion to help the insurance industry cover claims from future terrorist attacks, sending the measure to the Senate, where Majority ...

Sen. Roger Wicker (R-MS) in September introduced an amendment to the legislation reauthorizing the National Flood Insurance Program that would end TRIA in 2013. Reaction from the insurance industry ...

The Coalition to Insure Against Terrorism, representing the American Insurance Association and companies such as Hilton Hotels Corp. and Marriott International, released its proposal Monday for ...

The construction industry and real estate development could be hampered by the U.S. Congress’s failure to renew the Terrorism Risk Insurance Act (TRIA). Insurance industry experts say without federal ...

New York, November 18, 2002 — The lack of terrorism insurance coverage will not result in rating changes for most municipal debt, says Moody’s Investors Service in a newly released special report.

Nevertheless, terrorism is a risky business for everyone, and insurance companies hate risk as much as anyone else. Tourism is even more concerning.

The law encourages insurers to provide terrorism coverage for huge construction projects such as skyscrapers, which have been curtailed since Sept. 11, 2001, because such insurance was unavailable ...

COLUMBIA COUNTY -- The inclusion of coverage for damage caused by acts of terrorism is getting support from Columbia County supervisors as they prepare to approve a $905,000 comprehensive insurance ...

Watson is an experienced insurance and broker professional, possessing more than 14 years of industry experience across cyber, terrorism and political violence (PV) business lines.

Following 9/11, the mere threat of terrorism caused the few insurers and reinsurers that were offering coverage to back out of the market or raise premiums to a level that was prohibitively expensive.

On December 22, 2005, the Terrorism Risk Insurance Extension Act of 2005 (Pub. L. 109-444, 119 Stat. 2660) (2005 Extension Act) was enacted, which extended the Program through December 31, 2007.

In one of the 20 studies on terrorism insurance our team at the Wharton Risk Center has published so far, we showed that this free up-front reinsurance had led to much more capacity being deployed ...