“In many respects the cover provided by the standalone market is superior to that under TRIA, particularly as it is not dependant on co-insurance.” Jennifer Rubin, Hiscox
the existing features were renewed as per the previous bill, but Rubin notes that the planned higher trigger and co-insurance element, are evidence that
However, certain challenges remain, such as a lack of capacity for highly
“For property damage and business interruption covers in the event of
a terrorist attack there is a vibrant commercial market, but the degree of billion of capacity has been reported available for standalone cover in non-aggregating areas, but less in concentrations of populations such as
chemical, biological or radiological terrorist attack has typically been more
“The renewed TRIA with its planned higher trigger and co-insurance side, the uncertainty created by the TRIA hiatus will have also served to
“Indeed even now, in the wake of the reauthorisation of TRIA, we are
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