Standalone terrorism coverage available, affordable; Some say standalone capacity could be exhausted if TRIA is allowed to expire.(Spotlight: Terrorism & Crisis Management)(Terrorism Risk Insurance Act)

Byline: GLORIA GONZALEZ

If the Terrorism Risk Insurance Act expires at the end of the year, risk managers will not be left completely without options if they want to buy terrorism coverage.

Standalone terrorism coverage, which is not supported by the government backstop, is available for risk managers and the price of the coverage, though sometimes high, is not always prohibitively expensive, observers say.

However, while there is sufficient capacity to meet most of today's demand for standalone coverage, the expiration of TRIA could fuel demand to such a level that standalone capacity might be exhausted, some observers say.

When Caesars Entertainment Inc. made its first foray into the standalone terrorism insurance market, for example, Lance Ewing, vp-risk management, found the market to be …