TRIA Sunset Will Restrict Terrorism Coverage In BigCities, Experts Warn

It's still almost a year away, but the possibility that federallawmakers would let the Terrorism Risk Insurance Act sunset at theend of 2005 without enacting any other similar backup program isprompting property-casualty insurers to examine how they might beaffected by terrorism exposures and adjust their exposuresaccordingly.

In fact, primary insurers are already forced to grapple with thepossibility of their terrorism exposures having no federal backstopbecause any policy for a one-year period or longer starting afterJan. 1 would have overhang that extends beyond TRIAs Dec. 31, 2005expiration date.

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