USI’s Terrorism Facility Solution Offers Better Alternative In Response to U.S. Senate Failing to Renew Terrorism Risk Insurance Act (TRIA)

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Solution Does Not Require Federal Government Certification, Provides Broader Coverage and Lower Price

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Robert Meyers, USI’s SVP of property & casualty, said: "We developed a solution that leverages risk management analysis to properly identify and quantify terrorism exposures instead of basing coverage on a percentage of total property premiums."

In response to Congress failing to extend the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which expires Dec 31, 2014, USI Insurance Services (“USI”) is offering clients with property risks the option to take up terrorism coverage through its Terrorism Facility Solution. Underwritten by Lloyd’s of London, this solution is competitive and available worldwide. Unlike other programs, this coverage is not limited to acts of terrorism certified by the United States Federal Government. In addition, the program comes with low and flexible deductibles, and is priced individually rather than as a percentage of all-risk premium.

Robert Meyers, USI’s senior vice president of property & casualty, said: “Industry groups intend to pressure the 114th Congress to pass legislation reauthorizing the measure when it reconvenes on January 6, 2015, but there is no guarantee swift action will be taken. The absence of the federal backstop for terrorism coverage jeopardizes billions of dollars in projects requiring commercial insurance. Recognizing this uncertainty, we developed a solution that leverages risk management analysis to properly identify and quantify terrorism exposures instead of basing coverage on a percentage of total property premiums. Doing so creates meaningful protection that is cost effective, equally lender-compliant and based on actual location exposure.”

Key features of the program are:

  •     a limit of up to a maximum of $200 million;
  •     the broadest definition of terrorism available, including coverage for political, religious and ideological-motivated attacks;
  •     terrorism cover provided by Lloyds’ leading terrorism syndicates; and
  •     markets that are flexible on deductible options, and in some cases offer terms with zero deductible.

Email TRIA(at)usi.affinity(dot)com for more information on this program.

About USI Insurance Services
With more than 4,200 dedicated, experienced and innovative professionals connected across over 140 offices throughout the United States, USI is a leader in insurance brokerage and consulting in property-casualty, employee benefits, personal risk services, retirement, program and specialty solutions. With approximately $1.0 billion in annualized revenue, USI is the 3rd largest privately held insurance broker(1), the 4th largest privately held commercial lines broker in the United States(2) , and the 13th largest insurance brokerage firm in the world(3). USI is also the 2nd largest privately held personal lines broker in the United States(2) and the 7th largest benefits broker ranked by global benefits revenue(4). USI has been recognized for its innovation by Information Week 500 the last three years and Best’s Review January 2014 Innovation Showcase. Additional information about USI may be found at


1 Business Insurance Largest Privately Owned Brokers, July 21, 2014
2 Insurance Journal’s 2013 Top 50 Privately Held Personal Lines (excludes non standard auto brokers-aggregators) and Insurance Journal’s 2014 Privately Held Commercial Lines Leader Ranking
3 Best's Review's Leader Issue July 2014, Top Global Insurance Brokers Ranking
4 Business Insurance Largest Benefits Brokers, July 21, 2014

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