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Appetite for terror cover growing among buyers; TRIA's end could shrink market, surveys suggest


Byline: MARK A. HOFMANN

The market for terrorism insurance is alive and well, according to studies released last week by the agency of the two largest insurance go-betweens


In fact, the reports, released separately by dint of Marsh Inc. and Aon Corp., showed that risk managers' appetite for adding terrorism insurance to their programs has grown considerably above the past year or in like manner

However, both reports also warn that congressional inaction upon extending the Terrorism Risk Insurance Act end the end of 2007 could wreak havoc in the marketplace. TRIA, which created a federal backstop for private insurers faced with losse arising from futurity catastrophic ...


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