Podcasts about terrorism risk insurance act

In today's episode, Abe talks about the recent arrests of ISIS affiliated individuals in three major cities in the US last week, reviews the Terrorism Risk Insurance Act, and breaks down the Sept 11 2001 insurance claims by the numbers. The biggest claim category is surprising.  Today's episode sponsored by the company that will help your Agency get through this crazy hard market: https://theinsurancedream.com/digital-marketing 

A terrorist attack causes massive property damage, including to an insured business. The adjuster assigned to the claim is sure they've seen something in the policy about terrorism disclosure or terrorism caps, but isn't sure what. In this episode, Tim, Alissha, and Mike will explore the TRIA act which enables coverage for minor terrorism losses, and why it likely does not apply to this scenario.   Notable Timestamps   [ 01: 40 ] - This episode concerns a real-life event, the 2020 Christmas Nashville bombing, in which the individual who set off the bomb died, several others were injured, and many businesses were damaged.   [ 03:15 ] - The “War” exclusion would not apply, as many insurers found out after the attacks on September 11, 2001.   [ 06:17 ] - What is TRIA? The Terrorism Risk Insurance Act made terrorism insurance available to businesses on a voluntary basis, for terrorist attacks certified by the Department of the Treasury.   [ 08:52 ] - Under TRIA, a terrorist attack is dangerous to life, property, or infrastructure; has resulted in damage within the U.S.; was committed as part of an effort to coerce U.S. civilians; results in at least $5M in aggregate damage.   [ 09:45 ] - In the Nashville bombing, the elements of a terrorist attack under TRIA were not met due to the lack of the coercion, amount, and certification elements. Because the TRIA elements are echoed in the policy's terrorism exclusion, this likely means the claim is covered.   [ 13:12 ] - After the Boston Marathon Bombing, many insurers faced the same issues. The event was never certified by the Department of Treasury as a terrorist attack.   [ 14:45 ] - No event has ever been certified in this manner, but terrorism insurance exists and is affordable, so in that sense TRIA has been a success.   [ 15:44 ] - Tim provides a quick recap of the points above.   Your PLRB Resources   Article on Nashville Bombing - https://search.plrb.org/?dn=73725&src=gsa   On-Demand CE Course on Criminal Acts, Terrorism and Liability Claims - https://www.plrb.org/public2/dislearn/description.cfm?mod=p0033)   Overview of TRIA - https://search.plrb.org/?DN=39046   Employees of member companies also have access to a searchable legal database, hundreds of hours of video trainings, building code materials, weather data, and even the ability to have your coverage questions answered by our team of attorneys (https://www.plrb.org/container.cfm?conlink=sec/cq/default.cfm) at no additional charge to you or your company.   Subscribe to this Podcast   Your Podcast App - Please subscribe and rate us on your favorite podcast app   YouTube - Please like and subscribe at @plrb   LinkedIN - Please follow at “Property and Liability Resource Bureau”   Send us your Scenario!   Please reach out to us with your scenario! This could be your “adjuster story” sharing a situation from your claims experience, or a burning question you would like the team to answer. In any case, please omit any personal information as we will anonymize your story before we share. Just reach out to scenario@plrb.org with your story.   Legal Information   The views and opinions expressed in this resource are those of the individual speaker and not necessarily those of the Property & Liability Resource Bureau (PLRB), its membership, or any organization with which the presenter is employed or affiliated. The information, ideas, and opinions are presented as information only and not as legal advice or offers of representation. Individual policy language and state laws vary, and listeners should rely on guidance from their companies and counsel as appropriate.   Music: “Piece of Future” by Keyframe_Audio. Pixabay. Pixabay License. Font: Metropolis by Chris Simpson. SIL OFL 1.1. Icons: FontAwesome (SIL OFL 1.1) and Noun Project (royalty-free licenses purchased via subscription). Sound Effects: Pixabay (Pixabay License) and Freesound.org (CC0). https://freesound.org/people/tony_bear/sounds/274007/ https://thenounproject.com/icon/trailer-699858/ https://thenounproject.com/icon/fear-4847137/  

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Episode 402: On this week’s episode of Insurance Unscripted, NAMIC’s Chuck Chamness brings you a unique opportunity to hear from two of our nation’s elected federal officials - Reps. Julia Brownley and Brian Steil - about what to expect from the new administration and the Congress, and those issues critical to the insurance industry.

You're listening to Insurance Talk with Cheri Martinen and Rex Lesueur from Bancorp Insurance located in beautiful downtown La Pine, Oregon. We are coming to you with some fun insurance facts today, ripped from the headlines. We've been getting a lot of calls about how our customers are covered for riots and civil commotion. And what is that terrorism form that I've declined year after year? And does that mean I'm not covered for riots and civil commotion?

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Today on RIMScast, Justin Smulison is joined by his special co-host, Whitney Craig, the Director of Government Relations at RIMS. They are also joined by special guest, Rachel Cain, a Risk Manager at Sprint. Together, they will be discussing the reauthorization of the Terrorism Risk Insurance Act (or TRIA) and what it means for RIMS as well as the greater risk management community!   Key Takeaways: [:01] About the RIMS Benchmark Survey and the RIMS Membership. [:52] About today’s co-host, guest, and topic! [1:07] Justin reminds listeners that registration is open for RIMS 2020. [1:28] More about today’s RIMScast’s co-host, Whitney Craig! [1:43] Justin welcomes Whitney to RIMScast. [1:53] Whitney brings listeners up to speed on TRIA and explains why it’s reauthorization is a big win for RIMS. [2:31] Justin introduces the special guest for this episode, Rachel Cain. [2:43] Whitney tells the story of how Rachel got involved in RIMS Advocacy regarding TRIA. [3:22] Justin welcomes Rachel Cain onto RIMScast. [3:37] How TRIA affects Rachel at her work at Sprint. [5:11] Rachel speaks about how she came to be involved with RIMS Advocacy. [6:25] Rachel shares some of the highlights of the Congressional roundtable discussion about TRIA. [7:45] Rachel gives a rundown of what else occurred at the roundtable with regard to the other stakeholders. [8:51] Did Rachel get the feeling that members of Congress were in favor of reauthorization or opposed to reauthorization? [9:32] Rachel speaks about what she feels was achieved by TRIA being extended for seven years. [10:17] What does Rachel think that the greater risk management community and RIMS members should be mindful of for the next seven years? [12:10] Whitney thanks Rachel for being involved at the TRIA roundtable. [12:54] Whitney speaks about what’s going on in the world of RIMS Advocacy! [13:08] What RIMS has in the works when it comes to advocacy in the way of events. [14:00] Whitney speaks about what she’ll be up to and where she’ll be in the upcoming months! [14:31] How to get in contact with Whitney. [15:01] Justin thanks Whitney and Rachel for joining the podcast. [15:21] About today’s show notes.   Mentioned in this Episode: RIMS 2020 (May 3rd–6th in Denver, CO) Upcoming RIMS Events RM Magazine Risk Management Monitor RIMS-Certified Risk Management Professional (RIMS-CRMP) New Feature: RIMS-CRMP Stories RIMS Membership — Discover why 10,000 of your peers from more than 60 countries are a part of the RIMS community! RIMS Benchmark Survey: Contribute your data by March 31 and receive the 2020 Survey for free! You’ll learn how much companies are paying per line of coverage and more. Visit RIMS.org/Benchmark. Download any episode of RIMScast. RIMS Advocacy Sprint National Flood Insurance Program (NFIP) RIMS on the Mall Event (March 2020 in California) Whitney’s Email: WCraig@RIMS.org   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and join the RIMS Group on LinkedIn.   Follow up with Our Co-Host and Guest: Whitney Craig’s LinkedIn Whitney Craig’s RIMS Community Profile Email: WCraig@RIMS.org Rachel Cain’s LinkedIn

Episode 301: Chuck talks with NCOIL President and Indiana State Representative Matt Lehman about NCOIL's new new model laws and how his background in insurance prepared him for this new role. Plus, New Jersey could soon be home to the worst bad faith bill in the country. How you can help NAMIC defeat two proposals up for a vote next week.

Episode 223: Chuck talks with NAMIC's Tom Karol about the continued threat the ALI Restatement of Law on Liability Insurance poses to the industry. Plus, TRIA moves another step closer to reauthorization. And Team USA stands up for the U.S. state-based system of insurance during IAIS' Annual Conference in Abu Dhabi.

Episode 221: Chuck talks with Liz Heck, President and CEO of Greater New York Mutual, about how TRIA works to keep terrorism risk insurance available and affordable in these uncertain times. Plus, a new program to educate the public about drone safety.

Episode 212: Chuck talks with NAMIC's Michelle Rogers about the latest international developments on affecting the U.S. insurance market. Plus, the Terrorism Risk Insurance Act is up for reauthorization in 2020. The proactive move by Congress to prevent a lapse in coverage.

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Today’s guest is one of Justin’s favorite guests (and co-workers), Whitney Craig — Director of Government Relations at RIMS! In this episode, Whitney will be speaking on RIMScast about what’s going on with the National Flood Insurance Program (NFIP), the Terrorism Risk Insurance Act, and several other important items that are on the minds of RIMS members! Whitney also gives some sneak previous of what she will be discussing at upcoming conferences as well as some of the topics and special guests that will be appearing at the RIMS Legislative Summit!   Key Takeaways: [:15] About today’s episode with Whitney Craig. [:43] About upcoming RIMS events. [1:33] Whitney Craig updates us all on what’s going on with the NFIP today (June 4th, 2019). [3:02] Some of the issues Whitney is working on right now with regards to TRIA. [5:39] Whitney highlights some of the key differences of this year’s Legislative Summit with previous years and some of the special guests they have in mind. [11:07] Whitney gives a previous of what one of the confirmed speakers at the 2019 RIMS Legislative Summit, Dr. Daniel Kaniewki (Deputy Administrator of FEMA Resilience), will be speaking about. [12:25] Whitney gives a quick previous of what another guest speaker at the Legislative Summit will be discussing. [12:59] Justin highlights some upcoming events Whitney will be attending and speaking at. [13:18] Whitney gives a preview of what she will be discussing at two upcoming conferences she will be speaking at. [13:37] If you want to extend the conversation further with Whitney and you want to be more active in RIMS Advocacy, you can join her at the RIMS Legislative Summit! [13:48] With this new Congress, is Whitney finding that there are some new faces in Congress that RIMS can collaborate with? [15:01] Justin thanks Whitney for joining him this episode!   Mentioned in this Episode: RIMS Advocacy RIMS NeXtGen Forum: June 14th, 2019 in New York City (Use the discount code NEXTCAST10 to receive 10% off registration!) RIMS ERM Conference 2019: Nov. 4th–5th in New Orleans RIMS Legislative Summit: Oct. 16th–17th in Washington, DC Upcoming RIMS Events RM Magazine Risk Management Monitor RIMS Membership — Discover why 10,000 of your peers from more than 60 countries are part of the RIMS community! National Flood Insurance Program RIMS Legislative Summit 2018 “Round-up” Custom Publication Risk Management Monitor — 2018 Legislative Summit Coverage RIMScast Episode: “Whitney Craig on NFIP, TRIA, and 116th Congress Predictions” RIMScast Episode: “RIMScast Live at RIMS Legislative Summit (2018) with Whitney Craig and Barry Dillard” The 44th Annual RIMS Educational Conference: July 30th–August 3rd in Naples, Florida 2019 RIMS Western Regional Conference: Sept. 9th–11th in Las Vegas, NV RIMS RISK PAC   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and join the RIMS Group on LinkedIn.   Follow up with Our Guest: Whitney Craig’s LinkedIn Whitney Craig’s RIMS Community Profile Email: WCraig@RIMS.org  

Episode #206: Chuck talks with Georgia State Rep. John Carson about the success of the states newly enacted Hands-Free Driving Law. Plus, we'll discuss NAMIC's effort to educate Congress about the Terrorism Risk Insurance Act before it expires next year.

Rene Thomas Folse, JD, Ph.D. is the host for this edition which reports on the following news stories. Dancing Kia Hamster Headed to Jail. Farm Worker Pleads Guilty in Fraud Case. Nurse Faces Fraud Charges For Exaggerated Claim. RAND Evaluates Impact of Expiration of Terrorism Risk Insurance Act. DWC Sets Hearing on WCIS Regulations. Coventry Reports Reduction in Narcotic Medication Usage. CWCI Computes 2015 Benefit Payment Increases. California Books Off by $31 Billion in Mistakes.

In this June 2014 Congressional Briefing, RAND experts presented findings from their recent work on the Terrorism Risk Insurance Act (TRIA) and discuss the different outcomes if TRIA were to be reauthorized, modified, or allowed to expire.