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Terrorism Risk Insurance (TRIA) Changes
In November 2002, the President signed the Terrorism Risk Insurance Act (“TRIA”) of 2002. It established a temporary insurance program to cover catastrophic losses resulting from an act of terrorism. TRIA was expanded in 2005 to extend through 2007.
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Liability Insurance – What’s It All About?
We often read stories in the news about someone suing a company because of a mishap and later awarded a significant financial settlement. Liability insurance protects a business’ assets in such cases, whether for something it may have done (or left undone) which results in an injury or property damage.
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