Tria non-renewal threatens workers' comp capacity crunch

The expiration of the Terrorism Risk Insurance Act (Tria) is
likely to have a significant impact on the workers'
compensation market, with buyers facing a potential capacity crunch
if Congress fails to act swiftly on a renewal of the US government
terrorism backstop in the New Year.
As the P&C industry recovers from the shock of the
Senate's failure to renew the programme before adjourning last
week (16 December), it is expected to be business as usual across
most lines...