ISO continues to provide coverage and pricing tools to help insurers respond to the Terrorism Risk Insurance Act (TRIA). The federal Terrorism Risk Insurance Program (TRIP), a program established by TRIA, was scheduled to terminate at the end of December 31, 2005.
The U.S. Senate and House of Representatives have passed two very different versions of legislation extending TRIA. Both now bear the designation H.R. 2761. On November 16, 2007, the Senate voted to replace the language passed by the House in mid-September.
From this page, you can get status reports on ISO's TRIA 2007 reauthorization filings. The filings will become effective according to the normal filing and approval procedures in effect in each jurisdiction.
From this page, you can get status reports on ISO's TRIA 2007 filings relating to "other acts." These filings withdraw ISO property forms and certain liability forms relating to "other acts of terrorism" and revise various other liability forms to address acts of terrorism committed outside the United States.
On December 22, 2005, the President signed compromise legislation extending the Terrorism Risk Insurance Act of 2002 (TRIA) for two years — through 2007. ISO's terrorism programs comply with the provisions of the extension without a need for immediate revisions.
In early November 2001, ISO announced that we had filed optional exclusions for terrorism for most commercial lines of insurance. Later that month, after discussions with regulators and others, we submitted an amendment to those filings in all states.
This page summarizes the status of ISO's TRIA update filings for commercial property, boiler and machinery / equipment breakdown, commercial inland marine, crime and fidelity, farm property, agricultural capital assets, and capital assets.