The US Treasury Department has called for changes to the terrorism risk insurance program in a recent report. Take-up is measured in several ways, including in this report by number of policies issued (81.1 percent), premiums charged (70.3 percent), and total insured values (TIVs) (72.7 percent). In its report, released on Tuesday, the department said that it had found "systemic failures" and "significant weaknesses" with the program, which is used by insurers as part of their business model.
The US Treasury Department has called for changes to the terrorism risk insurance program in a recent report. In its report, released on Tuesday, the department said that it had found "systemic failures" and "significant weaknesses" with the program, which is used by insurers as part of their business model.