TRIPRA vs Stand Alone

TRIPRA versus Stand Alone Terrorism Policies

The Terrorism Insurance Act of 2002 (TRIA) was enacted in November 2002 with the US Government providing reinsurance protection for certified acts of terrorism. This was extended by the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA) to until the end of 2014 and again, belatedly, in early 2015. Whilst coverage is a simple reflection of that provided by the all risks policy it has been untested and the gaps in coverage make a stand alone terrorism policy a worthwhile alternative.

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