Joint Industry Forum TRIA

During the Joint Industry Forum in New York, World Risk and insurance News ( asked industry leaders to react to the renewal of the Terror Risk and Insurance Act (TRIA).  Here, we have commentary from Insurance Information Institute (III) President Bob Hartwig, NAMIC President and CEO Chuck Chamness, American Insurance Association  (AIA) President & CEO Leigh Ann Pusey, Reinsurance Association of America (RAA) President  Frank Nutter, and Deloitte’s Chief Advisor on the Insurance Industry Howard Mills.

TRIA provides public-private partnership for most terror attacks, with insurers bearing  most  losses – III President

TRIA renewal averts disruption…enables vibrant, healthy, affordable insurance market – Deloitte Chief Advisor

Mutual insurers with terror exposures satisfied with TRIA’s new $200 million “event trigger”- NAMIC President/CEO

Certainty returns to commercial P&C market with delayed renewal of TRIA –  AIA President & CEO

Reinsurers support TRIA renewal and new commission to look at privatization of terror coverage – RAA President

For more information on the Joint Industry Forum, visit the On Demand Library or the Insurance Information Institute website.



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