The U.S. Department of the Treasury is conducting the 2025 Terrorism Risk Insurance Program (TRIP) Data Call. Insurance companies participating in TRIP must submit specific information covering 2024, using forms approved by the Office of Management and Budget. This data, due by May 15, 2025, aids in assessing the availability and affordability of terrorism risk insurance. There are training sessions and a website provided to assist insurers in the data submission process, ensuring compliance with a statutory deadline for a related study due to Congress.
Simple Explanation
The U.S. government is asking insurance companies to share information by May 15th, 2025, about their work in 2024 to help make sure people can still get insurance if bad things happen, like terrorist attacks. They have special forms to fill out and are helping the companies understand how to do it right.