Why do so many people still believe TRIA is nothing but a handout to the insurance industry, when it is so obvious that the market cannot function without Uncle Sams support?

Oh, sure, insurers were able to come up with over $20 billion to cover World Trade Center losses, making it one of the worst insured disasters ever, but the private terrorism insurance market promptly dried up. Theres no way anyone would have written the coverage if Congress hadnt passed TRIA, and then extended it until the end of 2007other than workers comp carriers, of course, who have no choice in the matter.

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

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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?

 

PropertyCasualty360

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 © 2023 ALM Global, LLC. All Rights Reserved.