Terrorism Risk Insurance Act of 2002 (TRIA)

Topics:
Terrorism Insurance
Tags:
Government,
Homeland Security,
Regulations,
Terrorism,
Terrorism Risk Insurance Act,
William Gallagher Associates Insurance Brokers
Source:
William Gallagher Associates Insurance Brokers

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Overview: Companies accepting an insurers offer of terrorism coverage must also pay the additional premium within that same 30-day window. Article informs that TRIA neither established any premium guidelines for insurers nor provided the insurance industry with much time to absorb and comply with its provisions. The three main factors driving premium determination are location, industry, and occupancy. To assist in evaluating exposures and determining the value of this optional coverage, the article also provides guidelines to make this process less chaotic and more objective.

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Format: PDF | Size: 108KB | Date: Jan 2003 | Pages: 3

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