The Department of the Treasury has announced the insurance marketplace aggregate retention amount (IMARA) for 2025, which is a part of the Terrorism Risk Insurance Program. The IMARA for 2025 is set at $53,366,227,478 and is based on the average insurer deductibles from 2022 to 2024. This figure helps determine if the Treasury needs to recoup any payments made under the program. The IMARA calculation relies on direct earned premiums reported by insurers to the Treasury for the previous three years.
Simple Explanation
The Treasury Department is informing people that for the year 2025, they have set a big number ($53 billion) that insurance companies together need to cover for events like big accidents or scary things happening before the government helps out. They figured out this number by looking at what the insurance companies have covered in recent years.