Capitol Beat
Friday, February 6th, 2004 Catastrophe PropertyAs required under the Terrorism Risk Insurance Act, the U.S. Treasury Department is continuing the second phase of its three-stage survey of the terrorism insurance market. The survey is intended to assess the effectiveness of the reinsurance program from the standpoint of insurers, reinsurers, and policyholders. The data will be presented to Congress in June 2005, as legislators consider whether to extend the program after it expires on Dec. 31 of that year. The department sent out a letter detailing its intention to develop and send out a survey on its Terrorism Risk Insurance Program. The survey is seeking quantitative information that is unbiased, statistically reliable, and accurately reflects the experiences and views of the program’s diverse constituents.
