OLDWICK, N.J.–(BUSINESS WIRE)–Given the dramatic shift in the landscape of terrorism risk, insurers
with significant terrorism exposures already are contemplating the
expiration of the Terrorism Risk Insurance Program Reauthorization Act
(TRIPRA) at year-end 2020. A new A.M. Best special report states
that insurers soon will need to consider the potential termination of
the federal backstop for their longer-term policies, and prepare their
risk management practices.
The Best’s Special Report, “Insurers Adjust to Changing Terrorism
Risk Landscape,” states that the lack of permanency and the decline in
protection at each TRIPRA renewal remains a concern for many insurers.
Insurers with large…
