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Without TRIA, Risk Managers See Drop in Limits or Terror Cover to Vanish

A survey from RIMS indicates nearly half of risk managers expect terrorism coverage limits to decrease if TRIA is not re-authorized and a quarter of them believe this would terminate terrorism coverage entirely.

By Anya Khalamayzer | Updated on October 30, 2013

Nearly half (45 percent) of risk managers expect terrorism coverage limits to decrease if TRIA is not re-authorized, shows a poll by the Risk and Insurance Management Society (RIMS), and a quarter believes this would terminate terrorism coverage entirely.

“TRIA is integral to keeping affordable lines of terrorism insurance available to all organizations conducting business in the United States,” says RIMS board director Carolyn Snow. “Without it, not only will individual organizations be more exposed in the event of a terrorist attack, our federal government would also take on the extraordinary burden of supporting its constituents during, an often costly, rebuilding process.”

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