West Virginia Property and Casualty Licensing Practice Exam 2026 – Complete Prep Guide

The "trigger limit" under the Terrorism Risk Insurance Act (TRIA) is the minimum amount of insured losses that must occur before the federal government starts to reimburse insurers for claims related to acts of terrorism. In 2018, this trigger limit was set at $160 million. This amount represents the threshold loss that must be exceeded for insurers to seek federal funds to cover the losses related to certified acts of terrorism.

This adjustment of the trigger limit is part of the ongoing provisions and revisions surrounding TRIA, which has been extended and adjusted multiple times since its enactment. Understanding the specific figure in the context of the year is essential for grasping how the federal program coordinates with insurance practices in relation to terrorism risk.

In earlier years or other contexts, different trigger limits may have applied, which is why recognizing the specific figure for 2018 is crucial for understanding how the act operated during that period.