Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Congress’ recent extension of the Terrorism Risk Insurance Act is largely viewed as a temporary solution, according to a forum held by GE Insurance Solutions’ Insurance Leadership Institute.

TRIA, designed as a federal backstop for the insurance industry in the event of a foreign terrorist attack, was extended by Congress in December 2005 until the end of 2007. The insurance industry sees terrorism as an unquantifiable, unpredictable risk; therefore, setting a proper premium price to compensate for its exposures is near impossible.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.