NAII Pleased with Treasury Terror Bill Work

The Treasury Department yesterday announced interim guidance for the insurance industry in meeting certain requirements under the Terrorism Risk Insurance Act of 2002. Treasury Under Secretary Peter Fisher, joined by Terri Vaughan, president of the National Association of Insurance Commissioners (NAIC) at a press conference, provided property/casualty insurers with specific information on how to begin implementing the notice and disclosure, and make available additional details and guidance. "NAII is pleased that Treasury has provided guidance so quickly to insurance companies faced with ...