WASHINGTON–With 107 days left to complete a terrorism insurance marketplace study and develop an administration position, the Treasury Department is on track to meet the delivery deadline, an official said.
Speaking to the Real Estate Roundtable in Washington today, Assistant Secretary for Financial Institutions Emil W. Henry Jr. said the administration hopes to have the report, mandated by the Terrorism Risk Insurance Act extension, completed by the Sept. 30 deadline and is examining dozens of comments concerning problems insuring terrorism risk.
“As you might imagine, given this short time frame, Treasury and other members of the PWG have been moving quickly to meet this mandate,” Mr. Henry said.
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