T.R.I.A is The Terrorism Risk Insurance Act. It is a federal law that was signed in 2002, shortly after the 9/11 attacks. The Act requires the U.S. government to provide reinsurance coverage to insurance companies following a declared terrorism event. T.R.I.A charges are usually found in each contractor’s worker’s comp rating pages which are applied to their individual insurance calculation.
Word of the Quarter: Terrorism Risk Insurance Act
