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Many Insurers Are Better Prepared For TRIA-Related Risks: A.M. Best’s Mosher

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There was wide consensus in the property/casualty insurance industry that the Terrorism Risk Insurance Act, or TRIA, needed to be renewed, which finally happened in January after its brief expiration at the end of 2014. Matthew Mosher, Senior Vice President of Rating Services for A.M. Best Company, agrees on TRIA's importance, but noted that some parts of the industry are more diversified now, allowing better risk management even without TRIA in the equation. Mosher made his comments at the recent Property/Casualty Insurance Joint Industry Form, and explained his perspective to Carrier Management Editor Mark Hollmer.

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