Extension of TRIA "Make Available" Provisions
On June 18, 2004, the U.S. Department of the Treasury announced that it has extended the "make available" provisions of the Terrorism Risk Insurance Act (TRIA) through 2005. As a result, all insurers providing commercial property and casualty insurance must, through the end of 2005, make available coverage for losses caused by acts of international terrorism certified by the Secretary of the Treasury. For more information, read the full text of the Treasury statement.
|
|
|