9/11 short-term response has been extended repeatedly
The US Treasury is consulting on the long-term availability and affordability of terrorism risk insurance after setting up a federal programme after 9/11 in 2001 that should have closed already, Dow Jones reports.
The call for comment in the Federal Register is part of an ongoing analysis of the issue by the President's Working Group on Financial Markets.
The program has been extended by Congress several times, Treasury said.
President’s group
The President's Working Group comprises of the Treasury secretary, the chairman of the Federal Reserve, the chairman of the Securities and Exchange Commission and the chairman of the Commodity Futures Trading Commission.
Questions include policyholder demand, pricing and underwriting. Comments will be accepted for 45 days after the notice is published.
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