TRIA on General Liability

[MIGA1626]

I have always wondered why carriers offer Terrorism Coverage on liability only policies. I don't see the exposure in it. Am I missing anything? Thanks

 

[adjusterjack]

Here's an explanation from the Big I - Independent Agents Association

Why Offer Terrorism Coverage for CGL and Umbrella Policies? Why Offer Terrorism Coverage for CGL and Umbrella Policies? (iamagazine.com)

Here are more resources explaining opt in or opt out options.

CGL terrorism at DuckDuckGo

 

[Al3x Lee]

Here's an explanation from the Big I - Independent Agents Association

Why Offer Terrorism Coverage for CGL and Umbrella Policies? Why Offer Terrorism Coverage for CGL and Umbrella Policies? (iamagazine.com)

Great article. TRIA is an interesting one. I'm interested to find out if the government does another push for PRIA (pandemic risk insurance act)

 

[adjusterjack]

Contact the people involved in last year's attempt.

 

[Markthebroker]

Great original question, and great thread. I never really wondered about this, but it's a great question.

 

[MIGA1626]

Thanks for replies everyone, I really appreciate it. I will read the article and let you know my thoughts.

 

[MIGA1626]

Wow I never thought of that. What happens if the TRIA covered event happens at your place or was carried out by a covered employee. There all kinds of unknowns here I didn't realize existed. Funny how you look at a coverage and think " how the hell does that mean anything?" Well, here we are LOL

 

[adjusterjack]

Funny how you look at a coverage and think " how the hell does that mean anything?"

35 years in the insurance industry and I still think that. LOL.

(Not really, well, sometimes.)

 

[Markthebroker]

Wow I never thought of that. What happens if the TRIA covered event happens at your place or was carried out by a covered employee. There all kinds of unknowns here I didn't realize existed. Funny how you look at a coverage and think " how the hell does that mean anything?" Well, here we are LOL

Yeah, think about the company that sold Timothy McVeigh the fertilizer, or Ted Kaczynski his typewriter. Or imagine the company that employs the airport screeners that allowed the 9-11 hijackers on the planes.

 

[MIGA1626]

Wow the the Oklahoma thing must had been a cluster flip. I'm curious to see the court complaints on that one....