Saturday, February 12, 2022

CRS Reports – Terrorism Risk Insurance Act

This week, the Congressional Research Service published a report on “The Terrorism Risk Insurance Act (TRIA)”. The report looks at the creation and reauthorization of the program that is designed to backstop insurance companies in the event of a major terrorist attack. It includes a brief discussion about the potential coverage of ‘cyberterrorism’. It specifically notes that:

“A cyberterrorist event, however, must meet all other thresholds in TRIA, which might reduce TRIA’s applicability to such cyberattacks.”

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