The US Treasury Department has called for changes to the terrorism risk insurance program in a recent report . The Report on the Overall Effectiveness of the Terrorism Risk Insurance Program is called for by the Terrorism Risk Insurance Program Reauthorization Act of 2015, which became law on January 12, 2015. The Treasury concludes that the federal terrorism risk insurance program is an important mechanism for ensuring terrorism risk insurance is available and affordable and has proposed mandatory insurer reporting of terrorism - risk data and incentives for some carriers to retain some premiums to cover future claims .
The US Treasury Department has called for changes to the terrorism risk insurance program in a recent report . The Treasury concludes that the federal terrorism risk insurance program is an important mechanism for ensuring terrorism risk insurance is available and affordable and has proposed mandatory insurer reporting of terrorism - risk data and incentives for some carriers to retain some premiums to cover future claims .