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226 results found

Article

Duane Morris LLP | USA | 23 Dec 2019

TRIA (Terrorism Risk Insurance Act) is reauthorized for 7 years - through 12-31-2027 - Brad A. Molotsky, Esq., Duane Morris, LLP

On December 20, 2019, President Trump signed a spending bill that includes a 7-year extension of the Terrorism Risk Insurance Act (TRIA). TRIA was…
Article

Squire Patton Boggs | USA | 2 Dec 2019

Reauthorization of TRIA Makes Progress - the US Federal Terrorism Insurance Backstop

Since 2002, the Terrorism Risk Insurance Act has been reauthorized three times, most recently in 2015 through the Terrorism Risk Insurance Program…
Article

Squire Patton Boggs | USA | 28 Nov 2019

Reauthorization of TRIA Makes Progress the US Federal : Terrorism Insurance Backstop

Following the September 11, 2001, terrorist attacks in the US, it was expected that the property and casualty insurance industry would…
Article

Eversheds Sutherland (US) LLP | USA | 6 Nov 2019

House Financial Services Committee approves legislation reauthorizing Terrorism Risk Insurance Program for 7 years

On Thursday, October 31, 2019, the House Committee on Financial Services unanimously (57-0) approved bipartisan legislation to reauthorize the…
Article

Squire Patton Boggs | United Kingdom, USA | 7 Jan 2019

As the Commercial Market Expands Government Terrorism Mechanisms Pull Back

In response to the terrorist attacks of the 2000s, a number of governments established insurance-like mechanisms to address the catastrophic effects…
Article

Pillsbury | USA | 11 Dec 2017

Insurance for “Acts of Terror” - Are You Protected?

The Las Vegas massacre. The Ariana Grande concert bombing in Manchester, England. The Pulse nightclub in Orlando. The concert hall attack in Paris…
Article

Bryan Cave Leighton Paisner (Bryan Cave) | USA | 23 Feb 2017

Federal Judge Protects Banks from Injured Sailors and Widows

A recent decision by a federal district court in New York prohibited sailors and their families holding a $314 million judgement against Sudan from…
Article

Haynes and Boone LLP | USA | 13 Sep 2016

Three Things That Every In-House Counsel Should Know About Terrorism Risk Insurance

With a series of high-profile terror attacks this summer both at home and abroad, terrorism risk is again a focal point of planning for corporate risk…
Article

Baker McKenzie | USA | 19 Jul 2016

Foreign Sovereign Immunities Act. Separation of Powers. Supreme Court holds that an act of Congress specifically directed at ongoing litigation does not violate the separation of powers doctrine.

In this case, Bank Markazi, the Central Bank of Iran, challenged the attempts of Respondents to execute judgments obtained against Iran under the…
Article

Locke Lord LLP | USA | 15 Jul 2016

TRIA Update: Insurers May Be Asked to Segregate TRIA Premium

This month, the Federal Insurance Office (“FIO”) issued its “Report on the Overall Effectiveness of the Terrorism Risk Insurance Program” (the…
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