Terrorism Risk Insurance Act

In 2002, Congress enacted the Terrorism Risk Insurance Act (TRIA) to serve as a federal backstop for certain insured losses from large scale acts of terrorism for designated property and casualty insurance lines, including workers compensation.

GENERAL INFORMATION

FAQs for NCCI’s Items P-1417 and P-1417(A)—Terrorism Risk Insurance Program Reauthorization Act of 2019 Endorsements (PDF)

This information outlines the national item filing changes of Items P-1417 and P-1417(A).

REPORTS & STUDIES

Report on the Effectiveness of the TRIP—2022 (PDF)

This report explores the general effectiveness of the Program and evaluates both the availability and affordability of terrorism risk insurance, among several other required updates.

2021 Study of Small Insurer Competitiveness in the Terrorism Risk Insurance Marketplace (PDF)

This Federal Insurance Office report examines the small insurers’ competitiveness in the Terrorism Risk Insurance marketplace.

Terrorism Risk Insurance: Overview and Issue Analysis for the 116th Congress (CRS – 2019)

This report reviews the current TRIA Program and provides information on coverage related to nonconventional terrorism attacks, as well as additional pertinent topics.

CIRCULARS

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Countrywide–Announcement of Item P-1417(A)–Terrorism Risk Insurance Program Reauthorization Act of 2019 Endorsements (Amended Effective Date)

This circular highlights revisions to certain elements of the federal Terrorism Risk Insurance Program (TRIP) as a result of the extension of the Program under the Terrorism Risk Insurance Program Reauthorization Act of 2019.

BILLS

Enacted Provisions extending the Terrorism Risk Insurance Program (TRIP) through 2027 (Signed by the President on December 20, 2019) (PDF)

Legislative language on the provision that extended the Terrorism Risk Insurance Program.

HEARINGS

U.S. House Committee on Financial Services Protecting America: The Reauthorization of the Terrorism Risk Insurance Program (10/16/2019)

Video of the Congressional hearing on the reauthorization of the Terrorism Risk Insurance Program (TRIP).

US Senate Committee on Banking, Housing, and Urban Affairs: The Reauthorization of the Terrorism Risk Insurance Program (6/18/2019)

Video of the Congressional hearing on the reauthorization of the Terrorism Risk Insurance Program (TRIP).

FREQUENTLY ACCESSED FORMS

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WC 00 04 22 C—TRIPRA Disclosure Endorsement (PDF)

This endorsement addresses the requirements of the Terrorism Risk Insurance Act of 2002 as amended and extended by the Terrorism Risk Insurance Program Reauthorization Act of 2019 and serves to notify you of certain limitations under the Act.

WC 00 04 21 E—Catastrophe (Other Than Certified Acts of Terrorism) Premium Endorsement (PDF)

This endorsement is notification that your insurance carrier is charging premium to cover the losses that may occur in the event of a Catastrophe (Other Than Certified Acts of Terrorism).

WC 09 04 03 C—Florida TRIPRA Endorsement (PDF)

This endorsement addresses the requirements of the Terrorism Risk Insurance Act of 2002 as amended by the Terrorism Risk Insurance Program Reauthorization Act of 2019.

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