WASHINGTON, April 2 -- Department Of The Treasury has issued a notice called: Comments in Aid of Analyses of the Terrorism Risk Insurance Program.
The notice was published in the Federal Register on April 2 by Steven E. Seitz, Director, Federal Insurance Office.
Summary: The Terrorism Risk Insurance Act of 2002 (TRIA) created the Terrorism Risk Insurance Program (Program) to address disruptions in the market for terrorism risk insurance, to help ensure the continued availability and affordability of commercial property and casualty insurance for terrorism risk, and to allow for the private markets to stabilize and build insurance capacity to absorb any future losses for terrorism events. The Secretary of the Treasury (Secretary) administe...