A.M. Best: 15% of Terrorism Exposed Rating Units Too Reliant on TRIPRA

Data, Analytics and Ma...Workers Compensation
Written By Paul Hughes

Insurance rating agency A.M. Best Co. says 34 rating units failed a stress test to assess capitalization sans the federal terrorism backstop.

If the Terrorism Risk Insurance Program Reauthorization Act is not reauthorized, the agency has determined about 4 percent of an overall total of 889 rating units are too reliant on TRIPRA, and “materially exposed to terrorism risk,” says Michael Russo, senior analyst and author of a briefing.

Read More: A.M. Best: 15% of Terrorism Exposed Rating Units Too Reliant on TRIPRA | PropertyCasualty360.

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Paul Hughes
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