With extension of the federal Terrorism Risk Insurance Act (TRIA) still up in the air, risk from terrorism remains significant for commercial lines carriers, a ratings agency said.
According to a new report by Moody's Investors Service, some commercial lines carriers still don't have "an adequate grasp of their assumed risks and potential liabilities."
The ratings agency's report predicted that some companies would face considerable risk management problems in the absence of federal legislation extending TRIA.
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