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Agents, Brokers Offer Views On

Managing Terror Risks After TRIA

The Terrorism Risk Insurance Act, designed to provide capital to the insurance industry for certified terrorist events, has been getting mixed reviews from agents and brokers offering risk management advice and services.

While some say the federal reinsurance program has been beneficial in making insurance more available to businesses in high-risk areas, others say more needs to be done to lower the inconsistencies among insurance companies in pricing, and terms and conditions, for covering terrorism risks.

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