Business Services Industry

Treasury to survey buyers on terror insurance market; Congress to consider poll results in evaluating TRIA.(News)

Business Insurance, November, 2003 by Hofmann, Mark A.

Byline: MARK A. HOFMANN WASHINGTON-Risk managers should keep a close eye on the mailbox starting this week. That's because selected risk managers will receive questionnaires from the U.S. Treasury Department concerning the state of the terrorism risk insurance market, said Mark J. Warshawsky, acting assistant Treasury secretary for economic policy.

Insurers and reinsurers-but not agents and brokers-will also receive the surveys. "We basically wanted to get at the primary components of the market-which is the buy side and sell side''-or risk managers and underwriters, Mr. Warshawsky explained. Not surprisingly, the Risk & Insurance Management Society Inc. is urging any members who receive the survey to respond to the document. As RIMS President Lance J....

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