Podcasts about terrorism risk insurance act

In this episode of The Edge of Risk Podcast by IRMI, Joel Appelbaum welcomes Ian Davis, president of the Vermont Captive Insurance Association (VCIA), for a detailed discussion on how captive insurance advocacy works in practice. Building on a prior conversation about Vermont's legislative framework, this episode focuses on VCIA's state and federal engagement efforts—including Vermont Legislative Day and Hill Day in Washington, DC—and what captive owners, managers, and service providers should be tracking in today's regulatory environment. Mr. Davis explains how VCIA sets advocacy priorities, collaborates with regulators, and proactively engages policymakers on issues such as Terrorism Risk Insurance Act reauthorization, National Association of Insurance Commissioners model law discussions, federal tax developments, and emerging regulatory concerns. The conversation highlights how education, relationship-building, and real-world captive owner participation shape effective advocacy—and why staying informed early is critical for the broader captive community.

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   In this episode, Justin interviews RIMS General Counsel Mark Prysock on RIMS Public Policy Focus in 2026.   The RIMS Public Policy Committee is focusing on several legislative issues in 2026. These include the reauthorization of the Terrorism Risk Insurance Act, a federal government backstop in the event of a catastrophic terrorist attack. The bipartisan legislation would reauthorize program funding through 2034.   The Public Policy Committee is tracking an association tax reform proposal to levy a 21% tax on nonprofits' net earnings. Republicans and Democrats together are interested in the potential tax revenue of this proposal. RIMS serves on the Steering Committee of an association coalition led by ASAE to try stop this new tax from moving forward.   Other legislative interests include reforming the National Flood Insurance Program, mandating disclosures around third-party litigation funding of civil lawsuits, and providing the risk management perspective on various cybersecurity and data privacy initiatives.   This year's Legislative Summit, scheduled for March 18th and 19th in Washington, DC, will allow RIMS members to meet with their members of Congress to discuss these issues. Registration for the Summit is now open. Justin and Mark discuss these topics and more in today's interview.   Finally, if you haven't already done so, please consider contributing to RISK PAC, the Society's political action committee.   Key Takeaways: [:01] About RIMS and RIMScast. [:16] About this episode of RIMScast. Our guest is RIMS General Counsel and VP of External Affairs, Mark Prysock. He's here to tell us what's going on with RIMS advocacy efforts and the top items on our legislative agenda in 2026 and beyond. But first… [:47] RIMS Virtual Workshops. On March 10th and 11th, we have a two-day course led by John Button for the RIMS-CRMP Exam Prep. [:57] On March 17th and 18th, RIMS will align with AFERM for a two-day RIMS-CRMP-FED Exam Prep Course. [1:06] On March 4th and 5th, we have a virtual workshop, "Facilitating Risk-Based Decision Making", with Joe Milan. On April 15th, we have a virtual workshop covering "Emerging Risks", led by Joseph Mayo. [1:22] Register today and strengthen your risk knowledge. RIMS members always enjoy deep discounts on the virtual workshops. [1:29] Webinars. On March 6th, RIMS presents "Hard Hats & High Stakes: Women Leaders Shaping Construction Risk Management". We'll be joined by a Chief Risk Officer, an underwriter, and a broker. [1:43] They will explore their career paths, risk and safety philosophies, and lend some insight as to why this is the time for the next generation of leaders to rise. [1:54] On March 12th, Global Risk Consultants returns with "Don't Waste the Soft Market: Where to Reinvest Insurance Savings Before the Window Closes". Register for these and other webinars by visiting RIMS.org/webinars and the links in this episode's show notes. [2:12] The RIMS 2025 Compensation Survey is now available through the link in this episode's show notes. The survey incorporates data from 867 U.S. and 201 Canadian Risk Professionals. Download it today and see how you measure up to your peers. [2:32] RIMScast has its first spinoff, RIMScast Canada! It is a video podcast hosted by RIMS Canada Conference Committee Chair, Aaron Lukoni, with Justin as co-host. Check it out at RIMS.org/canada. This is a monthly series, and we are stoked to share it with you! [2:57] On with the Show! Our guest today is Mark Prysock, the General Counsel and Vice President of External Affairs here at RIMS. It is always wonderful to have him on the show. [3:07] He's here to remind us of the RIMS legislative priorities of 2026 and how they will be addressed during the RIMS Legislative Summit on March 18th and 19th in Washington, D.C., and who qualifies to attend. [3:19] He will also talk about what else we can expect in the way of public policies that RIMS would like to prevent, and those we support. There are lots of links in this episode's notes. You can visit RIMS.org/advocacy, as well. [3:30] Let's learn about the policies that are changing the risk landscape. [3:34] Interview! Mark Prysock, welcome back to RIMScast! [4:15] Mark says the RIMS priorities for 2026 include third-party litigation funding, where third parties, often from other countries, invest in civil litigation. This is of great concern from a national security perspective.  [5:22] If a foreign firm wants to invest in a lawsuit against a defense manufacturer, that foreign investor will have access to everything that comes out in discovery. [5:36] There's a lot of information that can be gleaned through civil litigation. That is a national security concern. That's one of the things we are hoping Congress will address. [5:55] Justin notes that RIMS had a couple of webinars about TPLF in 2025. The webinar panelists were incredibly knowledgeable and passionate about prevention. They covered ways to spot it and what to do about it. [6:21] Mark states that there is a strong link between TPLF agreements and nuclear verdicts for substantial amounts of money. [6:34] There's a real risk from a commercial insurance buyer's perspective if you are in an industry that is subject to TLPF arrangements, that the insurance for these types of lawsuits could dry up or become substantially more expensive. This could be extremely problematic. [7:15] Congress is considering reauthorizing the Terrorism Risk Insurance Act (TRIA). There is bipartisan support for it. The full House will be voting on it before too long. This may get wrapped before the RIMS Legislative Summit. The reauthorization would extend through 2034. [7:40] Mark says that overall, RIMS would support a long-term reauthorization of the program. [9:25] A proposal to tax the net earnings of non-profits came up almost two years ago. Some members of Congress feel that non-profits compete with for-profit organizations but don't bear the same tax burdens. Congress is always looking for new revenue streams. [11:08] Congress is not done with budget bills and comprehensive tax bills. If there is a bill that comes forward this year, RIMS will try to make sure that there are no changes in the way that non-profits are taxed. [11:28] Justin points out that RIMS is serving on the steering committee of a broad-based association coalition led by the American Society of Association Executives. It's called the Community Impact Coalition. A substantial number of associations in the D.C. area are involved. [11:50] Being on the steering committee means that RIMS plays a very active role in settling on the legislative strategy in dealing with this issue. [12:01] Mark says it's great to be involved in working with this group. They had a great deal of success last year in making sure none of these new tax provisions were included in the budget reconciliation bill. [12:15] WMark says that we just need to make sure again, for the last half of this session of Congress, that those tax provisions don't rear their ugly heads again. [12:24] Justin states that we love ASAE at RIMS. In 2023, RIMScast won an NYSAE Award for MarCom Excellence. [12:40] Justin asks about the National Flood Insurance Program (NFIP). It is typically funded as part of the Continuing Resolution, a bill that funds the federal government in general. That bill is considered by Congress every three to nine months. [13:22] We often reach a point where the issues regarding the Continuing Resolution are hashed out at the eleventh hour. Sometimes, they're not, and the government experiences a partial shutdown, which, at the time of recording this episode, we are currently in. [13:42] At present, the NFIP is not funded. RIMS advocates for the NFIP to be reauthorized, with enhancements, for an extended time, such as two or three years. However, if it were not part of the Continuing Resolution, it would no longer be considered must-pass, and it might go away. [15:31] Mark talks about attending the RIMS Legislative Summit. You may attend if you are a RIMS member working for a company that does business in the United States. [15:37] Mark says we are looking for RIMS members who represent companies that are constituents of Members of Congress, so you can go in, talk to a Member, say I am here on behalf of RIMS, and I work for a company that has X number of employees in your district. [15:59] Say that these are some risk management issues that my company is facing right now. I'd like to talk to you about those, if I could. [16:08] Quick Break! The RIMS CRO Certificate Program in Advanced Enterprise Risk Management is RIMS' live virtual program, led by James Lam. Great News! A brand new cohort has been announced. Registration closes on April 6th. [16:29] Beginning on April 14th, bi-weekly workshops will be held from 11:00 a.m. to 3:00 p.m. Eastern Time through June 23rd. Register now! A link is also in this episode's show notes. [16:42] February is Insurance Careers Month! That coincides nicely with the Spencer Educational Foundation's 7th Annual Spencer Day, which will be February 23rd. [16:54] Spencer's CEO, Megan Miller, was recently a guest on RIMScast, and we were discussing how everyone can join in this virtual celebration. Spencer is seeking $47 donations in honor of its 47th year. [17:11] The goal on Spencer Day is to raise $7,500 to support an additional scholarship, which will be awarded in the Spring. A link to Spencer Day information is in this episode's show notes. Visit Spencered.org/spencer-day. [17:27] Let's Return to Our Interview with RIMS General Counsel and Vice President of External Affairs, Mark Prysock! [17:58] Mark says the RIMS Legislative Summit will take place in Washington, D.C., on March 18th and 19th. March 18th is Education Day, held at the U.S. Chamber of Commerce Building in D.C. There will be training on the various advocacy issues. [18:28] There will be panel discussions around third-party litigation funding, reauthorizing the National Flood Insurance Program, and association tax reform. They bring together many people from the D.C. community to talk about these issues. [18:45] This includes lobbyists, people from the administration, Congressional staffers, and people who are going to bring different perspectives to provide RIMS attendees with a well-rounded understanding of each of these issues. [19:04] After that, there will be a basic presentation on how to lobby Members of Congress, with all the dos and don'ts. By that time, RIMS members will be ready to go. There will be one-page leave-behinds that outline an issue in depth and have a specific ask for Members of Congress. [19:27] Mark says we'll make sure that those one-pagers are transmitted to all the Congressional offices we'll be visiting, before our meetings, and also have printed leave-behinds for our members to take with them when they go to the Hill. [19:41] Thursday, March 19th, will be a full day. We release the hounds! Everybody hits the Hill, talks to Congressional staff members, and maybe Members of Congress, about our legislative priorities. [20:11] Mark says the pitch in 2025 was solid. One issue, the Freedom to Invest in Tomorrow's Workforce Act, liberalized the use of 529 College Savings Accounts for credentials, certifications, and things that might advance their careers in other ways. [21:06] There was very strong bipartisan support in the House and the Senate. Mark says RIMS participated in a very effective lobbying campaign on this. That legislation was passed into law using the exact language that our lobbying campaign recommended. [21:28] For Mark, that was a high point from last year's RIMS Legislative Summit. Another high point was the attendance numbers. There were about 100 Congressional visits in total. RIMS was very well-represented last year, and Mark hopes we outdo ourselves this year. [21:52] A Final Break! RISKWORLD 2026 will be held from May 3rd through the 6th in Philadelphia, Pennsylvania. RISKWORLD attracts more than 10,000 risk professionals from across the globe. It's time to Connect, Cultivate, and Collaborate with them. [22:12] General registration is open, and you can lock in the Advance Rates through February 28th. Marketplace and Hospitality Badges will be available starting March 3rd. Links are in the show notes. Check RIMS.org for more information. [22:29] Let's Conclude Our Interview with RIMS General Counsel and Vice President of External Affairs, Mark Prysock. [22:48] Beyond the Legislative Summit, the RIMS Public Policy Committee wants to work very closely with the RISK PAC Trustees to raise awareness around RISK PAC and the important role that it plays in supporting our legislative program. [23:05] RISK PAC is the RIMS political action committee. It's a vehicle to raise personal funds from RIMS members and use those dollars to support the reelection campaigns of Members of Congress who RIMS believes already support our issues or are in a position of influence. [23:38] Mark says we have some fairly exciting new things happening with RISK PAC this year. The first is a fundraising reception at RISKWORLD on Sunday afternoon, just before the opening general reception. [24:29] Any RIMS member who is a U.S. citizen can support the RISK PAC. Make a contribution to the PAC in order to attend. [24:58] RISK PAC will have a fundraiser at the Florida RIMS Conference in July. They are planning on more exposure at other regional conferences this year, as well. [25:36] Mark expects a lot of good things to happen for the RISK PAC this year, and hopes to raise a good amount of money to support our legislative initiatives. [26:14] Mark says TRIA is becoming a new, very relevant issue to the risk management community. It's all about extending an existing program. [26:39] Last week's RIMScast guest was RIMS's 70th President, Manny Padilla. Mark says Manny has been a long-time supporter of the Public Policy Program and Committee. He's a financial supporter of RISK PAC. He's a regular attendee at the RIMS Legislative Summit. [27:41] Having someone in the President's role who is enthusiastic and supportive of our Public Policy Program is great for us. [27:50] Mark says that Manny Padilla has been great for connecting the Public Policy Committee with other people working on similar issues. [28:10] Justin and Mark look forward to speaking more, later in the year, about what is accomplished on these issues. [28:33] If you have any questions before the RIMS Legislative Summit, you can visit RIMS.org/advocacy or reach out to Mark Prysock directly. He'd love to hear from you. [28:53] Special thanks again to Mark Prysock for joining us here on RIMScast and providing these very critical advocacy and legislative updates. The RIMS Legislative Summit will be held on March 18th and 19th. [29:10] Register today at RIMS.org/advocacy. There is also information about the RISK PAC. We want you to get involved and take part in advocating for your profession! [29:26] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [29:54] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [30:12] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [30:31] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [30:47] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [31:01] Justin Smulison is the Business Content Manager at RIMS. Please remember to subscribe to RIMScast on your favorite podcasting app. You can email us at Content@RIMS.org. [31:13] Practice good risk management, stay safe, and thank you again for your continuous support!   Links: RIMS Legislative Summit – March 18‒19, 2026 on Capitol Hill, Washington, D.C. | Register now! RISK PAC | RIMS Advocacy RISKWORLD 2026 Registration – Open for exhibitors, members, and non-members! Reserve your booth at RISKWORLD 2026! Spencer Educational Foundation | Spencer Day — Feb. 23, 2026 RIMS-CRO Certificate Program In Advanced Enterprise Risk Management | April‒June 2026 Cohort | Led by James Lam RIMS Compensation Survey 2025 — Download Today  RIMS Risk Management magazine | Contribute RIMS Now RIMS-Certified Risk Management Professional (RIMS-CRMP)| Insights Video Series Featuring Joe Milan! The Strategic and Enterprise Risk Center RIMS Diversity Equity Inclusion Council RIMS-CRMP Story, featuring John Button RIMScast Canada — Debut Episode Now Live Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP Exam PrepMarch 10‒11 | April 21‒22, 2026 | June 9‒10 RIMS-CRMP-FED Exam Prep:  Feb 17‒18 | Led by Joseph Mayo Full RIMS-CRMP Prep Course Schedule See the full calendar of RIMS Virtual Workshops RIMS Virtual Workshop — "Facilitating Risk-Based Decision Making" | March 4‒5 | Register Now "Risk Appetite Management" | March 25‒26 "Claims Management" | April 7‒8 "Emerging Risks" | April 15 | Register Now! Upcoming RIMS Webinars: "Hard Hats & High Stakes: Women Leaders Shaping Construction Risk Management" | March 6 | Presented by RIMS "Don't Waste the Soft Market: Where to Reinvest Insurance Savings Before the Window Closes" | March 12 | Sponsored by Global Risk Consultants RIMS.org/Webinars   Related RIMScast Episodes: "Investing In Yourself with RIMS 2026 President Manny Padilla" RIMS Public Policy Committee: "Navigating Cyber and IT Practices to Legal Safe Harbors" "Spencer Day 2026 | The Future of Strategic Risk Management" "Risk Outlook '26 with Morgan O'Rourke and Hilary Tuttle"   Sponsored RIMScast Episodes: "Secondary Perils, Major Risks: The New Face of Weather-Related Challenges" | Sponsored by AXA XL  (New!) "The ART of Risk: Rethinking Risk Through Insight, Design, and Innovation" | Sponsored by Alliant "Mastering ERM: Leveraging Internal and External Risk Factors" | Sponsored by Diligent  "Cyberrisk: Preparing Beyond 2025" | Sponsored by Alliant  "The New Reality of Risk Engineering: From Code Compliance to Resilience" | Sponsored by AXA XL  "Change Management: AI's Role in Loss Control and Property Insurance" | Sponsored by Global Risk Consultants, a TÜV SÜD Company  "Demystifying Multinational Fronting Insurance Programs" | Sponsored by Zurich  "Understanding Third-Party Litigation Funding" | Sponsored by Zurich  "What Risk Managers Can Learn From School Shootings" | Sponsored by Merrill Herzog  "Simplifying the Challenges of OSHA Recordkeeping" | Sponsored by Medcor "How Insurance Builds Resilience Against An Active Assailant Attack" | Sponsored by Merrill Herzog "Third-Party and Cyber Risk Management Tips" | Sponsored by Alliant   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS President Manny Padilla!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guest: Mark Prysock, RIMS General Counsel & VP External Affairs   Production and engineering provided by Podfly.

In this episode of Trade Show Talk, host Danica Tormohlen speaks with Peter Lewis, Chief Commercial Officer of South by Southwest (SXSW). They discuss Peter's journey from an administrative assistant to a key leader in one of the world's most influential cultural gatherings. The conversation covers the challenges and opportunities SXSW faces as it prepares for its 40th anniversary, including venue changes, economic impact, brand partnerships, and international expansion. Peter shares insights on building a strong team, creating unique experiences, and the importance of community engagement in the event industry.   In our monthly advocacy update, we talk with Tommy Goodwin, Executive VP for the Exhibitions and Conferences Alliance. We discuss the reauthorization of the Terrorism Risk Insurance Act, which is crucial for event organizers. The conversation also touches on international travel challenges, including the visa bond program and proposed social media requirements for visa waiver countries. U.S. Customs and Border Protection is taking comments about the social media requirements proposal through February 9. Email CBP here. Registration for ECA's Legislative Action Day is now open, and trade show professionals can register here.    Peter Lewis bio  Peter Lewis serves as Chief Commercial Officer at SXSW, where he leads the commercial strategy and execution across partnerships, customer success, content, communications, sales, marketing, and growth markets. He oversees teams that design and deliver festival experiences, partner programming, brand activations, global sponsorships, and go-to-market operations, ensuring the forward-thinking community that comes to SXSW is deeply engaged and connected. Peter joined SXSW in 2009 and has played a key role in expanding its commercial and creative reach, both in Austin and around the world.  Chapters  00:00 Introduction to Trade Show Talk  02:07 Meet Peter Lewis: The Visionary Behind South by Southwest  05:04 Peter's Journey: From Admin to Chief Commercial Officer  07:08 Building a Strong Team for Success  08:18 Exciting Plans for South by Southwest 2026  11:11 Navigating Venue Challenges: A New Era for South by Southwest  14:20 Creating Unique Experiences in Austin  18:12 Economic Impact of South by Southwest  19:21 Brand Partnerships and Activations  22:22 The Evolution of Brand Engagement  24:25 Celebrating 40 Years of Innovation  25:51 International Expansion: South by Southwest Goes Global  28:56 The Secret Sauce of South by Southwest  30:25 The Importance of Community and Connection  32:13 Panel Picker: A Platform for New Voices  34:23 Innovative Sessions and Programming  36:03 The Role of Penske Media Corporation  38:12 Surreal Moments in South by Southwest History  40:13 Unexpected Discoveries and Breakout Bands  43:50 Staying Creative and Avoiding Burnout  45:29 Conclusion and Future Insights  Bio: Tommy Goodwin, Executive Vice President for the Exhibitions & Conferences Alliance Tommy Goodwin is Executive Vice President for the Exhibitions & Conferences Alliance (ECA), the advocacy association for the business events industry. In this role, he leads ECA's work on behalf of the interconnected ecosystem of exhibitors, event and meeting organizers, suppliers, venues, and destinations that comprise the global business events landscape. Prior to joining ECA, Tommy spent more than 20 years working for several globally recognized associations and corporations, including Oracle, AARP, and the Project Management Institute. Recognized by The Hill in its list of association "Top Lobbyists" every year since 2020, Tommy has also received several industry awards including: CEO Update/Association Trends: Leading Association Lobbyist (2023) American Society of Association Executives (ASAE): ASAE Fellow (2022) DCA Live: Association Innovation Leader (2022) Trade Show news Network: Industry Support Award (2022) MeetingsNet: Changemaker (2022) Podcast Host: Danica Tormohlen An award-winning journalist who has covered the trade show industry since 1994, Danica Tormohlen is VP of Group Content, Meetings, Sports, Travel for Informa Connect. In her role, she oversees content for Trade Show News Network, Corporate Event News, BizBash and Connect's portfolio of in-person events. These leading media brands publish websites, newsletters, social media channels, video, podcasts and online and in-person programming for the trade show, corporate event, association meeting, experiential marketing and exhibition industries.  Tormohlen currently serves as immediate past president of the Women in Exhibitions Network North America chapter. She has been a speaker and moderator at major industry events, including the TSNN Awards, IMEX, IAEE, SISO, UFI, ESCA, DI and Large Show Roundtable — to name a few. Sponsor This episode is brought to you by The Citywide Track powered by TSNN at Connect Spring Marketplace.   Planning citywide events that span multiple venues and thousands of attendees? Connect Spring Marketplace has the solution you've been looking for.  April 14th through 16th at the Kentucky International Convention Center, Connect Spring Marketplace features the exclusive Citywide Track powered by TSNN—where buyers planning true citywide programs meet the suppliers equipped to handle that scale.  This isn't your typical sourcing event. The Citywide Track brings together qualified decision-makers who generate over 1,000 room nights, utilize 100,000+ square feet of space, and have the authority to negotiate partnerships on the spot.  Whether you're planning association conferences, corporate events, or entertainment programs that take over entire destinations, this is where those complex conversations happen face-to-face with the right partners.  Trade Show Talk listeners who qualify for the citywide buyer track get exclusive access with discount code DT1 for 50% off your refundable registration.  Connect Spring Marketplace: Where citywide events find their perfect match.  If you are a supplier interested in learning more about partnering, email:  sales@connectmeetings.com 

In this episode of The Politics & Risk Podcast, The Council's senior vice president of government affairs, Joel Kopperud, and Audra Jackson, director of government affairs, are joined by Matt Kirk, head of North American retail placement at Acrisure. Jackson and Kirk both served in White House Office of Legislative Affairs, respectively during the Biden and George W. Bush administrations. They share unique stories from the White House spanning from Sept. 11 to the passage of the Terrorism Risk Insurance Act to Jan. 6.

Today we're uncovering...How a government funding lapse would impact the National Flood Insurance Program and those who depend on its coverage.The Terrorism Risk Insurance Act is up for reauthorization.  How NAMIC is leading the effort for it's long-term extension.We dive into Guy Carpenter's comprehensive analysis of mutual large loss development.Today's episode is sponsored by Holborn.

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.