Terrorism Law Puts Treasury Dept. Into The Insurance Regulation Business

Terrorism Law Puts Treasury Dept. Into The Insurance Regulation Business Washington Despite what I think is a sincere desire to leave regulation of insurance to ...

By Steven Brostoff | Updated on March 25, 2003

Terrorism Law Puts Treasury Dept. Into The Insurance Regulation Business Washington

Despite what I think is a sincere desire to leave regulation of insurance to the states, it is hard not to notice that the terrorism insurance bill is forcing the Treasury Department to move closer and closer to developing a type of federal oversight.

This emerged most noticeably in the most recent set of guidance that Treasury issued regarding the Terrorism Risk Insurance Program. The guidance included a request for comments on several issues, one of which really caught my attention.

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