Flood Insurance Update 2016
Policies for Buildings Newly Mapped Into a High-Risk Area
Rating Option Information for Insurance Agents to Ease the Transition
Insurance Deadline Approaching- Could Save Your Constituents $$$
The U.S. Department of the Treasury has started implementing the Terrorism Risk Insurance Program Reauthorization Act of 2015, which was signed into law on Jan. 12.
Specifically, the Treasury’s Federal Insurance Office (FIO) released interim guidance addressing the immediate application of the Terrorism Risk Insurance Program regulations in light of the Reauthorization Act. It is important to note that this guidance does not address whether the program is retroactive to Jan. 1.
A copy of the interim guidance document is available on the program’s website. FIO has also posted additional information online in a section of the Treasury website dedicated specifically to the updated terrorism insurance law.
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