MMM - Insurance & Reinsurance

OVERVIEW

The Terrorism Insurance Group ("TIG") closely monitors and advises clients on the implementation of the Terrorism Risk Insurance Act of 2002 ("TRIA").

This Web site provides up-to-date information relating to TRIA from the Department of the Treasury, NAIC, and the states. You also will find TRIA Alerts prepared by the TIG analyzing new regulations and TRIA guidance.

We hope this site is useful to you. Please feel free to contact any TIG attorney directly with your questions and comments.

Terrorism Risk Insurance Act of 2002 (TRIA)

President Bush

INSURANCE INDUSTRY INFORMATION

TIG will continue to monitor new developments and news relating to TRIA and updates will be posted here on the TIG Client Access section of our Web site. Additionally, we've found several insurance industry Web sites that you may find helpful for additional fact gathering and research. A listing of informative industry Web sites appears below.

Insurance Services Office (ISO) Information

ISO Actions

Industry Trade Groups

American Association of Insurance Services (AAIS)

AAIS Opinion

American Insurance Association (AIA)

NCCI

Additional Industry Resources

Marsh eBriefing - TRIA Overview for Insureds

AON Report on TRIA

Gallagher Report (U.S. Terrorism Risk Insurance Act of 2002. A Two-Part Perspective)

Benfield Report (Integrating Terrorism Risk Management with the Federal Terrorism Program)

Tillinghast Report

TIG CLIENT ALERTS

TIG will provide you with periodic updates to help keep you informed as to new developments surrounding TRIA, implications for the insurance industry and need-to-know information for Insurers. Additionally, we will keep you apprised of new documents, summaries, and press releases developed by TIG.

TIG Summary: Proposed Claims Procedures for TRIA

TIG Summary: TRIA New Final Rules

TIG Summary: Final Rule Implementing TRIA

TIG Summary: Terrorism Risk Insurance Act—Second Interim Final Rule

TIG Summary: Terrorism Risk Insurance Act—Proposed Rule Regarding State

Residual Market Entities and Workers’ Compensation Funds

TIG Summary of TRIA and Interim Guidance

(November 21, 2002) Press Release: TRIA Explained - MMMs Insurance Practice Group Examines New Law

TIG Summary of TRIA Interim Final Rule

TIG Summary of TRIA & Interim Guidance

TIG Summary of Second Treasury Interim Guidance

TIG Summary of Third Treasury Interim Guidance

TIG MEMBERS

TIG is a newly formed practice group that was established for the purpose of monitoring and advising clients on TRIA's implementation. Composing TIG initially are five attorneys of the firm, each having a different area responsibility as to TRIA:

Tom Player will follow issues concerning implementation, exclusions and pricing;

Robert “Skip” Myers will focus on TRIA's implications for captives, self-insureds, state funds, and workers’ compensation insurers;

Joseph Holahan is monitoring bulletins, regulations, or other advice from Washington, specifically Congress, or the Department of the Treasury;

Chris Petersen will focus on life and health insurance issues; and

Anthony Roehl will follow the state-by-state implications, including coordination by the NAIC.