By Arthur D. Postal, Property Casual 360
The Terrorism Risk Insurance Act would be reauthorized in its present form but with much greater industry liability for five years under legislation to be unveiled today by House Financial Services Committee Republicans.
That represents a compromise from an earlier draft, which proposed to extend the current program for three years, but remains in contrast to legislation reauthorizing the program reported to the Senate floor June 3.
Comments in response to the Request for Comment published in the Federal Register, 87 Fed. Reg.18473
Download the Full Letter Here (PDF) May 16, 2022 Federal Insurance Office ATTN: Richard Ifft, Room 1410 MT U.S. Department of the Treasury 1500 Pennsylvania Avenue NW Washington, DC 20220 RE: 2022 Rep
CIAT and CIAB File Joint Comments on Proposed Technical Changes to the Terrorism Risk Insurance Prog
Download the full letter here. January 11, 2021 U.S. Department of the Treasury Federal Insurance Office, MT 1410 1500 Pennsylvania Avenue, NW Washington, DC 20220 RE: 2020 TRIA Updated Regulations
Under the Terrorism Risk Insurance Act of 2002, as amended (TRIA),1 the Secretary of the Treasury (Secretary) is required to submit a report regarding the Terrorism Risk Insurance Program (TRIP or Pro