The TRIA program was developed and launched as a direct result of the 9/11 attacks. However, over the past 20 years the nature of terrorist attacks has changed. So-called lone wolf attacks using low grade weapons have become more common. Terrorism events overall have become more frequent, but less damaging in terms of scale and level of destruction. The problem is, such attacks may not trigger cover as defined by the TRIA. The program has a deductible ceiling of USD5m of aggregate insured losses before the US government declares an incident as terrorism, which can leave policyholders uninsured. It’s also important to point out that no attack has ever triggered the TRIA definition during the lifetime of the program, not the Boston Marathon bombing (2013), the New York City truck attack (2017), or the Orlando nightclub shooting (2016), which killed 49 people. A standalone terrorism and sabotage policy, as offered by CFC, will respond to any incident considered political, ideological or religious in its motivation with nil deductibles. It is also worth noting these standalone policies have been tested by claims and have paid out appropriately to insureds.