You may have seen the news today that the Senate has announced the end of the Terrorism Risk Insurance Act resulting in hundreds of companies vulnerable to this risk as of January 1, 2015.
The U.S program, which began after Sept. 11, 2001, protected companies against the threat of terrorism.
We expect a major disruption in the insurance market as a result of this decision.
We will communicate any developments regarding this situation and provide any details as they become available.
If you have any questions, please contact your SterlingRisk account manager.
