Washington–The Treasury Department is asking for industry input on a study of the long-term availability and affordability of terrorism risk insurance.
An arm of the agency is starting work on a report on the issue it must send to Congress by Sept. 30. An industry official took the request for comments as a positive.
“We're glad to see the President's Working Group on Financial Markets taking action on this vitally important study,” said Dennis Kelly, a spokesman with the American Insurance Association. “AIA will be active participants in this study process.”
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