Moodys Surveys Insurers On TRIA; Ranks ExposureThe Terrorism Risk Insurance Act of 2002 has resulted in lowerterrorism premiums, but many buyers still consider the price toohigh to buy it, according to a survey of U.S. commercial linesinsurers by Moody's Investors Service.
Jim Bartie, vice president for Moodys in New York, said surveyparticipants included the major U.S. commercial lines writers,writing over 50 percent of commercial premiums.
In a special report released late last month, the rating agencyalso ranked insurers to determine their degree of exposure to a $25billion terrorist event as a percentage of their 2001policyholders' surplus. To do this, Moodys assumed that losses fromsuch an event borne by individual insurers would be proportional totheir commercial lines market shares.
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