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    Edwards Wildman’s Jack Dearie and Brian Green Examine Whether Boston Bombings are Defined as Terrorism in Insurance Journal

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    Jack Dearie and Brian Green, attorneys in Edwards Wildman’s Insurance and Reinsurance Department in New York, commented on how there are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes, such as determining the applicability of terrorism exclusions and terrorism coverage, in Insurance Journal. In the article, "Defining Terrorism for Policies Not a Simple Task After Boston Tragedy," Dearie and Green noted that the attack has so far satisfied several prongs of the TRIA definition of a terrorist act — it was a violent act and resulted in damage in the United States. However, they added, some requirements have not yet been met. Dearie and Green pointed out that the Treasury Secretary, Secretary of State and the Attorney General all must certify it as an ‘act of terrorism,’ which has not yet happened, and can only happen if there is $5 million of aggregate property and casualty losses. Additionally, under the TRIA definition, the act must be committed by an individual or individuals as part of “an effort to coerce the U.S. population or influence the policy or affect the U.S. government by coercion.”

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