NU Online News Service, June 14, 12:05 p.m. EDT
The U.S. Department of the Treasury is seeking comments on the long-term availability and affordability of terrorism risk insurance.
The Treasury said the Terrorism Risk Insurance Act of 2002, as amended by the Terrorism Risk Insurance Program Reauthorization Act of 2007, requires the President's Working Group on Financial Markets, which the Treasury chairs, to perform an ongoing analysis regarding the long-term availability and affordability of insurance for terrorism risk. The working group must submit a report to Congress this year.
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