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Treasury Assesses TRIA

The U.S. Treasury Department has released a report on the Terrorism Risk Insurance Act of 2002.

By staff Writer | Updated on August 04, 2005

The U.S. Treasury Department has released a report on the Terrorism Risk Insurance Act of 2002. Under the terms of the act, the department, as administrator of the program was required to perform an assessment and report to Congress on its findings by June 30, 2005.

Specifically, the department examined the effectiveness of the program, the availability and affordability of such insurance for various policyholders, and the likely capacity of the property and casualty insurance industry to offer insurance for terrorism risk after the expiration of the program.

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