Article ID: cee1ace915d71cdae4a7d2570c7fd6c54be542635a621d51af73c6a40d74d7f3
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URL: https://www.businessinsurance.com/cyber-exposures-could-challenge-terrorism-programs/
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Cyber exposures could challenge terrorism programs - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Cyber exposures could challenge terrorism programs by Matthew Lerner Aviation , Catastrophes , Cyber Risks , Emerging Risks , P/C Insurers , Political Risk , Property , Reinsurance , Technology , Terrorism Sep 11, 2026 Emerging cyber exposures that have changed drastically since the Sept. 11, 2001, terror attacks could present challenges to government-backed terrorism programs, according to a report Friday from analysts Morningstar DBRS. This includes the U.S. Government’s Terrorism Risk Insurance Act, or TRIA, which established the Terrorism Insurance Program, or TRIP, which provides for government sharing of large terrorism losses with insurers. The terrorist attacks of 25 years ago caused $60 billion in insured losses, in 2025 dollars, across several lines of coverage including property, aviation and business interruption, which accounted for the largest share of losses, 33%. The extent of the damages laid bare potential aggregation issues. “Synchronized attacks activated multiple insurance portfolios whose exposure had been treated separately,” the report said. Insurers and reinsurers in particular must be aware of the potential for a single large catastrophe event to trigger multiple lines of coverage. The attack’s anniversary “reinforces the importance of managing exposure concentrations, catastrophe scenarios, and contract certainty. Underwriting assessments should consider simultaneous property, casualty, and business interruption claims,” the report said. The growing reliance of shared data services has potentially amplified this challenge, the report said. A single but massively destructive attack of shared data infrastructure could produce damages across multiple business and coverage lines as well as geographies, the report said. Managing these multiple axes of potential aggregations will require increased diligence among the insurance industry. State-sponsored hacking and cyber criminal activities also pose challenges related to attribution, further complicating aggregation and accumulation equations. 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