Terrorism treats have evolved over the years. In the past, they involved large orchestrated attacks by known organizations that plotted to cause massive property damage on marquee properties. As terrorist networks disperse, “lone wolves” now focus on soft targets, using hand-held weapons to cause mass casualties. Despite smaller scale events, losses remain extensive. In this […]

At the 2019 NCCI Annual Issues Symposium, David Priebe, Vice Chairman from Guy Carpenter talked about the upcoming renewal of the TRIA backstop. Prior to 9-11 terrorism risk was included in “all risk” policies. Following those terrorist attacks the insurance marketplace indicated they were uncomfortable with terrorism risks which made securing coverage challenging for some […]