AM Best dismisses need for rating action on insurers reliant on TRIPRA
The US federal terrorism programme is to expire on 31 December due to the failure of the US Senate to reach an agreement to extend the Terrorism Risk Insurance Protection Reauthorization Act before the adjournment of congress.
Ratings agency AM Best said no rating actions on insurers previously identified as being over reliant upon TRIPRA are necessary at this time.
The agency is continuing to monitor insurers' data quality
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