Terrorism

Nuts & Bolts: ACE USA announced terrorism-related products providing broader solutions for U.S.-based clients. The new offering addresses coverage gaps created by the Terrorism Risk Insurance Act (TRIA), including losses resulting from acts of domestic terrorism, and expands policy benefits to include international properties. The expanded ACE terrorism insurance program will offer multiple product selections, and increased capacity. The expanded stand-alone ACE USA policy will cover direct loss or damage to insured property as a result of acts of terrorism, whether “certified” or “non-certified” under the TRIA Act of 2002. In addition, the policy will extend terrorism coverage to include locations beyond U.S. borders and allow the insured with large exposures the ability to specify structures for coverage and tailor policy limits. The expanded coverage will be marketed through both retail and wholesale insurance brokers. Wholesale distribution will be coordinated through ACE Westchester Specialty Group one of the ACE Group of Companies.

States Available: All.

Contact: Peter Detmering, (215) 640-2006