ABSTRACT

Report on the Effectiveness of the Terrorism Risk Insurance Program (June 2020)   [open pdf - 3MB]

From the Introduction and Executive Summary: "Under the Terrorism Risk Insurance Act of 2002, as amended (TRIA), the Secretary of the Treasury (Secretary) is required to submit a report regarding the Terrorism Risk Insurance Program (TRIP or Program) to the Committee on Financial Services of the House of Representatives, and the Committee on Banking, Housing, and Urban Affairs of the Senate. The required report under TRIA must be submitted no later than June 30, 2020, and must include: (1) 'an analysis of the overall effectiveness of the Program;' (2) 'an evaluation of the availability and affordability of terrorism risk insurance, which shall include an analysis of such availability and affordability specifically for places of worship;' (3) 'an evaluation of any changes or trends in the data collected' by the Secretary; (4) 'an evaluation of whether any aspects of the Program have the effect of discouraging or impeding insurers from providing commercial property casualty insurance coverage or coverage for acts of terrorism;' (5) 'an evaluation of the impact of the Program on workers' compensation insurers;' and (6) 'an updated estimate of the total amount' of terrorism risk insurance premiums 'earned since January 1, 2003.'"

Publisher:
Date:
2020-06
Copyright:
Public Domain
Retrieved From:
U.S. Department of the Treasury: https://www.treasury.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations