Treasury Department Decides To Extend Key Provision of Terrorism Insurance Law

摘要

The Treasury Department has decided to extend a key provision of the Terrorism Risk Insurance Act (TRIA) that requires insurers to offer terrorism coverage, Treasury Secretary John W. Snow said during a meeting of the Real Estate Roundtable on January 27 in Washington. "We made the decision to extend the 'make available' provision because we wanted to ensure the continuation of the key elements of the reinsurance program," Snow said. He credited the program with building the country's confidence following the September 11, 2001, terrorism attacks.