The Treasury Department proposed a rule that would defer
until December 31, 2005, the expiration of provisions of the Terrorism
Risk Assurance Act of 2002 requiring property and casualty insurers to
offer coverage for terrorism-related losses described in the act (
www.treas.gov/press/releases/reports/ ). Currently the law
mandates that insurers make such policies available through the end of
2004 and that the coverage must not differ materially from the terms,
amounts and other insurance limitations applicable to losses stemming
from events other than acts of terrorism. Comments are due July 6.
Insurance
