🏦2025 Terrorism Risk Insurance Program Data Call Requirements
2025 Terrorism Risk Insurance Program Data Call
Summary
Pursuant to the Terrorism Risk Insurance Act of 2002, as amended (TRIA), insurers that participate in the Terrorism Risk Insurance Program (TRIP or the Program) are directed to submit information for the 2025 TRIP Data Call, which covers the reporting period from January 1, 2024 to December 31, 2024. Participating insurers are required to register and report information in a series of forms approved by the Office of Management and Budget (OMB). All insurers writing commercial property and casualty insurance in lines subject to TRIP, subject to certain exceptions identified in this notice, must respond to this data call no later than May 15, 2025.
Agencies
- Treasury Department
Business Impact
$$$ - High
The document outlines compliance requirements for insurers to submit data related to the Terrorism Risk Insurance Program (TRIP). Participating insurers must register and report relevant information by May 15, 2025, affecting regulatory adherence that could influence operational stability and financial practices.