Feds Are Eyeing Captives Tapping Terrorism Backstop, Again Paid Members Public
The U.S. government is continuing to question the use of captives to tap the taxpayer-backed program.
All Terrorism Insurance Alternatives Have Challenges: GAO Paid Members Public
Any alternative funding structure to the Terrorism Risk Insurance Act (TRIA) would create a significant challenge for insurance, reinsurance and government leaders in finding an acceptable alternative, according to a report released last week by the U.S. Government Accountability Office (GAO). Specifically, the GAO said that the two leading
Insurers, Reinsurers Differ on Government Terrorism Timing Paid Members Public
The U.S. government should make a determination whether a loss event is an “act of terrorism” in either days or months, depending which sector of the insurance and reinsurance industry you ask. In comment letters collected to the U.S. Department of Treasury’s Federal Insurance Office (FIO) in
Models Make Terrorism Risk Advances Primed for ILS, But Questions Remain Paid Members Public
Following Congressional failure to renew the U.S. terrorism insurance backstop, industry professionals agree that terrorism exposures can modeled and may even be an attractive risk for securitization if traditional insurance and reinsurance players pull back from the market. But with an almost infinite possible maximum loss — and a limited