The U.S. Department of the Treasury (“Treasury”) has issued an interim final rule implementing changes to the Terrorism Risk Insurance Act of 2002 (“TRIA”) enacted late last year by Congress under the Terrorism Risk Insurance Extension Act of 2005 (the “Extension Act”). The interim final rule will be effective immediately upon publication in the Federal Register, which should occur within a few days. The interim final rule generally tracks the interim guidance published by Treasury on January 5, 2006 but also provides a few new clarifications.

To learn more about the interim final rule and its new clarifications, please click here.

For more information, please contact any member of the Morris, Manning & Martin, LLP, Terrorism Insurance Group: