“Terrorism remains an evolving, expanding, and ever-present risk in the
“The breadth of clients purchasing terrorism insurance in the
Marsh’s recently released 2019 Terrorism Risk Insurance Report notes that education entities were the most frequent buyers of terrorism insurance in 2018. Hospitality, gaming, health care, life sciences, and nonprofits are in the top ten sectors buying coverage.
The report also notes that should
“Uncertainty about TRIPRA’s future is already prompting insurers and terrorism insurance buyers to seek additional reinsurance limits and coverages, on the assumption that there will be limited capacity available in the private market,” said
A copy of Mr. Nageer’s testimony can be found here.
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