Insight and Intelligence on the Global Facultative Markets

5 February 2012

Marsh warns against ending TRIA

27 August 2010

Discontinuation of the US Terrorism Risk Insurance Act (TRIA) would have an adverse effect on the long-term availability and affordability of terrorism insurance, according to Marsh.

The comments were made in a letter submitted to the US President's Working Group on Financial Markets.

In the event that TRIA, the federal backstop introduced in 2002, is discontinued and not replaced by a similar government-sponsored program, Marsh said the availability of terrorism insurance would be greatly reduced in high-risk areas, such as...

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