Today's world is an ever-changing place. Handling the complex and dynamic nature of terrorism insurance and the associated issues requires a broker who understands not just the global situation, but your specific needs.
Gallagher Risk Management can help you assess your situation and provide alternatives for facing not only today's risks, but also the future's. Your business is unique, and you deserve a broker that provides more than a cookie-cutter solution. Our current clients cover a wide cross section of industries, including:
Public Entities
Diocesan and Religious groups
Universities
Airports
Contractors
Hotels & Restaurants
Infrastructure owners and operators
Film & Production Companies
Manufacturers
Multi-national Corporations
Retailers
With specialists across the world — from New York to California in the U.S., as well as London, South America and Asia — Gallagher stands ready to assemble the right team to meet whatever Risk Management needs you have, and provide:
Terrorism and Political Violence Risk solutions
Political Risk, Trade Credit and Surety products
Access to international insurers and reinsurers
A track record of delivering unique and innovative solutions
The leverage and relationships to negotiate competitive terms
Considering TRIA/TRIPRA?
Already covered by TRIPRA?
After 9/11, insurers stopped offering terrorism insurance. Fearing that lack of terrorism coverage would impede economic recovery, the U.S. Congress passed the Terrorism and Risk Insurance Act (TRIA) of 2002. This act was extended in 2005, and again in 2007 (TRIPRA).
This act requires insurers to provide terrorism insurance to commercial holders, in exchange for Government backing of excess losses above certain threshholds.
This information is provided from a general insurance/risk management perspective and is NOT legal advice. Arthur J. Gallagher Risk Management Services (AJGRMS) does not provide legal advice as it is not qualified to do so. AJGRMS recommends that you seek the advice of legal counsel in order to become fully apprised of the legal implications related to the information provided above as such implications are highly dependent on the unique facts and circumstances applicable to an individual situation.
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