In 2002, the Federal Government enacted legislation that would provide a backstop for insurers faced with large claim costs resulting from Certified Acts of Terrorism from non-domestic sources. The “Act” has since gone through several changes over the years as it has been renewed and extended. In 2005, the Act was extended but exempted certain lines of coverage, such as auto liability, D&O, Professional Liability and Surety.
News & Insights
Auto Terrorism: Are You Covered?
Overview of terrorism and TRIA.