TRIA Raises Concerns & Challenges For Insurers

New concerns about America's Terrorism Risk Insurance Act (TRIA) are raised in an article in the February edition of Captive Review magazine. The article, by Morris, Manning & Martin, LLP, attorneys Robert "Skip" Myers and Joseph Holahan, says the law and implementing regulations could actually raise the likelihood of insolvency for some insurers. "TRIA was intended to compensate for what was hoped to be a short-term problem with capacity in the U.S. market for terrorism insurance and reinsurance following the events of September 11, 2001," their article states. "Yet continued unc...