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National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.
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TRIA has never paid a claim. A cyber terrorism scenario shows what happens when it does
3+ day, 7+ hour ago (317+ words) The Terrorism Risk Insurance Act has been reauthorized five times since Congress created it in November 2002. It has never paid a claim. That zero-claim record is the program's most quoted statistic and, in the current threat environment, its most misleading…...