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20 April 2018

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Insurers must prep for Tripra termination: AM Best

Laura Sanicola 13 April 2018

Insurers with significant terrorism risks must focus on stress testing, limits management and reinsurance as the possible expiration of the Terrorism Risk Insurance Program Reauthorization Act (Tripra) looms, AM Best said in a report today.

The ratings agency noted that the FBI's recent announcement that Russian hackers penetrated sensitive infrastructure points in the US points to a "growing likelihood" of a cyber terror attack at a time when insurers are still looking to clarify what risks are covered.

Tripra, which...

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