TRIA Settlement Restrictions Guide Proposed

By Steven Brostoff, Washington Editor

NU Online News Service, May 6, 11:48 a.m. EDT, Washington?Insurance companies would need Treasury Department approval to settle terrorism-related claims of $1 million or more for personal injury or death, or $5 million or more for property damage under newly proposed rules for the Terrorism Risk Insurance Act.[@@]

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.