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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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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