Terrorism Insurance

How “TRIA” legislation passed under President Bush in the aftermath of 9-11 was later amended by TRIPRA, and why the fact that the Secretary of State, the Secretary of the Treasury and the Attorney General did not declare the Boston marathon bombings were an act of terrorism – even though President Obama did – could result in a financial hit for some Boston policy holders. Writing in Commerce Magazine, McCarter & English attorneys Nicholas M. Insua and Steven H. Weisman provide the basics for companies that want to understand insurance coverage options for acts of domestic terrorism.