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Answer the TRIA survey.(Opinions)(Terrorism Risk Insurance Act)(Brief Article)
Business Insurance, November, 2003
SOME RISK MANAGERS will have a unique opportunity to shape federal policy during the next year or so. In fact, the opportunity could begin as early as this week, as the U.S. Treasury Department sends out the first of three surveys to selected risk managers, insurers and reinsurers regarding the state of the terrorism risk insurance market.
Additional surveys will follow next spring. The Terrorism Risk Insurance Act, which created a federal backstop to help pay for losses caused by future catastrophic terrorist attacks, requires the Treasury Department to report to Congress on the state of the market no later than June 30, 2005. That will give lawmakers time to consider whether the program, which is slated to end on Dec. 31, 2005, should be extended. That's a...
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