Professor Recommends TRIA Amendments to Cover Pandemics

A professor at Butler University is recommending Congress expand the federal backstop for insurance losses caused by terrorism to also include coverage for pandemics. Insurance professor Zach Finn, in a video posted by AM Best, said modifying the Terrorism Risk Insurance Act could help soften the economic blow from the COVID-19 pandemic. “My proposal is not to recreate the wheel, but to liberalize TRIA to include the peril of pandemic,” Finn said. “Make the coverage retroactive to cover the COVID-19 losses. Go back to anybody who did not buy TRIA before and give th...