We're sorry but your browser is not supported by Marsh.com

For the best experience, please upgrade to a supported browser:



Pending TRIPRA Expiration Impacts Workers’ Compensation Industry


As uncertainty about TRIPRA’s reauthorization mounts, many organizations are seeing pressure on their workers’ compensation insurance.

The importance of providing a differentiated view of an organization’s terrorism risk profile to insurers cannot be overemphasized.

Many organizations with large concentrations of employees are experiencing significant pressure on their workers’ compensation programs as uncertainty mounts over the future of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). Issues range from price increases to the possibility that insurers will not renew coverage.

The federal terrorism insurance backstop program — TRIPRA — is set to expire on December 31, 2014, without congressional action to extend it. To date, there has been little substantive legislative action.

Some insurers have already limited their underwriting of workers’ compensation for companies with high concentrations of employees in major cities. Because insurers cannot exclude terrorism-related losses and employers are required to buy it, the options available to buyers have been reduced and rate increases have accelerated.

In Pending TRIPRA Expiration Impacts Workers’ Compensation Industry, we:

  • Summarize and provide updates on the status of proposed TRIA reauthorization legislation.
  • Explain what you can expect at renewal of your workers’ compensation program.
  • Provide tips to help you differentiate your terrorism risk profile, compete for insurers’ capacity, and obtain competitive rates.