Credit Agency: Insurance Support Created After Sept. 11 Attacks Helped Stabilize Markets

A new report from credit rating agency AM Best says federal insurance support created in the aftermath of the Sept. 11, 2001, terrorist attacks continues to help stabilize U.S. insurance markets. Although some questions linger over uncertain economic conditions, the Terrorism Risk Insurance Act has been “generally positive” for insurers, according to a news release announcing the report. In 2002, TRIA created a federal program that provides for a “transparent system of shared public and private compensation for certain insured losses resulting from a certified act of terror...