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INDIVIDUAL STATE BULLETINS

The filing deadline has been extended. Data must be submitted by November 1, 2016.

TERRORISM RISK INSURANCE DATA CALL

Attention: Insurers writing premium in the following lines of business: commercial fire and allied lines, commercial multiple peril, ocean marine, inland marine, other liability, products liability and boiler and machinery. The data call is requesting commercial property and casualty insurance coverage that falls under these lines of business and is covered by the Terrorism Risk Insurance Act (TRIA). TRIA excludes crop insurance, private mortgage insurance, title insurance, financial guaranty insurance, medical professional liability insurance, health and life insurance, flood insurance, commercial auto insurance, burglary and theft, farm owners multiple peril insurance, professional liability (except for directors and officers liability),  and reinsurance.

All states and the District of Columbia ("Participating States") have agreed to participate in a data call to collect data related to terrorism risk insurance to serve important regulatory objectives, such as monitoring the affordability and availability of insurance coverage for acts of terrorism and assessing insurers' financial exposure to terrorism risk.  

The Participating States have asked that the New York State Department of Financial Services ("Department") serve as a single point of collection for this data call. Pursuant to their statutory authority to obtain information from insurers doing business in their respective jurisdictions, the Participating States and the Department are requesting such entities to submit terrorism insurance data directly to the Department.  The information will be treated as confidential in accordance with state law. Accordingly, the Department does not expect to grant requests to access the information.

In conjunction with the other Participating States, the Department intends to use the services of the National Association of Insurance Commissioners ("NAIC") to aggregate and analyze the information collected, as well as to undertake any other related tasks as directed.  New York law specifically authorizes the disclosure to the NAIC of such confidential information, and the NAIC is required to maintain its confidentiality.

Data from insurers writing workers' compensation insurance has been collected via a separate data call, so this letter only pertains to insurers writing other types of commercial coverage, specifically commercial fire and allied lines, commercial multiple peril, ocean marine, inland marine, other liability, products liability and boiler and machinery.

The Participating States are requesting domestic insurers writing premium in the relevant lines of business to provide information on terrorism risk insurance as described in the data specifications and definitions document referenced below for the period January 1, 2013 through December 31, 2015. 

The data call specifications and definitions document, including a file naming convention, can be accessed on this webpage. A sample csv file is also provided. The sample file is not intended to represent an insurer's entire book of business. It is an excerpt to illustrate how to compile the data  The data should be submitted in csv format and according to the instructions within the data layout document through the New York State Department of Financial Services portal at https://myportal.dfs.ny.gov/ by November 1, 2016.

If insurers have technical questions concerning the data call, please contact TRIAHELP@naic.org. A document containing answers to frequently asked questions can be found under important links on this webpage.

TRIAHELP@naic.org can also be used if an insurer is seeking an exemption from part or all of the data call.