Tackling a burning issue.
Demand for terrorism insurance under the US Terrorism Risk Insurance Act (Tria) has been low, but the Act has encouraged reinsurers to dip a toe back into the market. Patricia Vowinkel warns, however, that if Tria were to disappear the reinsurance could too.
After the 11 September 2001 attack on the World Trade Centre,reinsurance for terrorism essentially disappeared. Reinsurers absorbed the
bulk of the estimated $40bn in losses from the attack and
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