The American Association of Insurance Services said that changes made to the Terrorism Risk Insurance Act will not require any immediate adjustments to existing endorsements and other materials it provides.
Congress passed legislation extending the program for two years, with some changes, shortly before lawmakers left for the holidays, and President Bush signed the bill on Dec. 22.
The most significant change for AAIS members, the group said, was the elimination of farm and crime coverage from the federal Terrorism Risk Insurance Program, although the group noted that its affiliates in those areas already have access to "post-TRIP" terrorism endorsements filed and approved in most states for policies taking effect on or after Jan. 1.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
