TRIA stabilised the insurance industry after 9/11
Greg Podleśny, co-founder of insurtech Acini, reflects on how the Terrorism Risk Insurance Act addressed the spike in insurance costs due to terrorism after the events of 9/11.
The 9/11 terrorist attacks delivered a shock to the insurance industry with insured losses exceeding $40bn (£31.4bn).
This catastrophic event exposed the private market’s inability to provide adequate
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