On the 10th anniversary of 9/11, terrorism insurance remainsstable, but availability and affordability could be affected shouldthere be a catastrophic event that reduces capacity, according to areport from Guy Carpenter.
The reinsurance broker, a subsidiary or Marsh & McLennanCos., released in August an 18-page report, "Terrorism: Terror Market Continues To ProvideAbundant Cover." According to the report, capacity in theUnited States is estimated to stand somewhere between $6 billionand $8 billion.
However, the report notes that a portion of the capacity remainsavailable through the Terrorism Risk Insurance Act of 2002 (TRIA),which provides a government backstop to acts of terrorism.
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