Comments on proposed terrorism program changes

June 7, 2016 09:32 AM

AGRiP provided comments to the Department of Treasury in response to anticipated promulgation of rules to include self-insurance, captive, and other municipal entities in the Terrorism Risk Insurance Program (TRIP). No plans have been announced for further information from the Department of Treasury.  AGRiP comments were closely coordinated with the National League of Cities (NLC) and the Self-Insurance Institute of America (SIIA). All comments are available for review, along with the initial proposed rules and request, at the Department of Treasury website.

The Department of Treasury has implemented several changes to TRIP which may impact public entity pools. For a pool-specific review of TRIP, recent changes and implications, AGRIP has published a new member resource titled Terrorism Risk Insurance Protection: Points to Ponder.

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