Forty-five percent of surveyed risk professionals expect a decrease in terrorism coverage limits and 24 percent said they believe coverage would no longer be offered by insurers upon expiration of the Terrorism Risk Insurance Act (TRIA), according to a new survey from RIMS, the risk management society.
When asked how they have responded when facing difficulty in obtaining full terrorism coverage, 37.0 percent said they go without terrorism insurance, 32.9 percent accept a limited amount of terrorism insurance, 15.1 percent support establishing a captive, and another 15.1 percent work with carriers to obtain coverage at a higher price.
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