• Terrorism Risk Insurance Act of 2002 Proposed Regulations for Administration of Claims
  • January 23, 2004 | Author: Kathleen H. Davis
  • Law Firm: Downs Rachlin Martin PLLC - Burlington Office
  • On December 1, 2003, the U.S. Department of Treasury released proposed regulations under the federal Terrorism Risk Insurance Act of 2002 ("TRIA" or the "Act"). The regulations (the "Proposed Claims Regulations") would establish procedures for insurers that participate in the Terrorism Risk Insurance Program to file claims with the federal government for payment of 90% federal share of compensation for insured losses.