The problem with the TRIA extension is that it further dilutes the protections provided by the original act. The industry's per-event threshold was raised, several lines of business were excluded and deductibles were increased. What we didn't end up with was a long-term solution. |
We don't have domestic terrorism included in the coverage either. |
We're still left with an inability to underwrite and price for the exposure - due to largely insufficient data. |