US Treasury to submit report on effectiveness of Trip
The US Treasury's Federal Insurance Office (FIO) will submit
a report to Congress addressing the overall effectiveness of the
Terrorism Risk Insurance Program (Trip).
The FIO, which monitors all aspects of the insurance sector in
the US, asked insurers last week to voluntarily submit data and
information regarding their participation in the Trip.
The organisation stated that the request for information was not
mandatory and that the data would be used to assist with the
development of the report
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