April 28th, 2014

New Marsh Report: Need for Terrorism Insurance Strong

Posted at 1:00 AM ET

A new report released by Guy Carpenter parent company, Marsh, confirms that demand for terrorism insurance remains strong and the existence of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) plays a key role in making coverage available and affordable.

According to Marsh’s 2014 Terrorism Risk Insurance Report, the number of companies purchasing terrorism insurance has remained constant - in the mid-60% range - since 2009 and pricing has also generally remained stable. Uncertainty over TRIPRA’s pending expiration at the end of the year, however, is currently impacting the availability and price of terrorism coverage in the United States, especially as it relates to workers compensation.

Guy Carpenter will be releasing its own report on terrorism in the near future. 

Click  here  to  request  access  to  the  Marsh  2014  Terrorism  Risk  Insurance  Report >> 

Click here to read additional stories on GC Capital Idea covering terrorism >>

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