RIMS Lobbies for Terrorism Reinsurance (Business Insurance)

85% of RIMS members support reauthorization of program, which expires in 2014.

By Treasury & By Risk & By | August 28, 2012 at 07:51 AM

The Risk Management Society is lobbying for an extension in thefederal government's terrorism reinsurance program, according toBusiness Insurance. The program was originally enacted in2002 and in 2007 it was extended until 2014. In a letter to theFederal Insurance Office, RIMS President Deborah Luthi saysfederally funded reinsurance is necessary because “the privatesector alone is not able to sustain a competitive and healthymarket for terrorism risk insurance.”

A survey of RIMs members found 85% support reauthorizing thefederal terrorism reinsurance program.

For the full story.

Continue Reading for Free

Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

Kicker

News

1 How to Pick a SWIFT Service Bureau

2 Understanding the Cost of Hedging

3 Accelerated Payments: Key Considerations

4 The Growing Value of Supply Chain Finance

5 Treasury & Risk Survey (the "Giveaway")

Consulting
Consulting Best Firms to Work For 2024
September 12, 2024 - New York

Consulting Magazine identifies the best firms to work for in the consulting profession.
More Information
GlobeSt. Multifamily Fall 2024
October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
More Information

Fed's Favored Price Gauge Rises at a Mild Pace

By Augusta Saraiva | July 26, 2024

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

Fed's Favored Price Gauge Rises at a Mild Pace

U.S. Economy Grew Faster Than Expected Last Quarter

By Augusta Saraiva | July 25, 2024

GDP increased at a 2.8% annualized rate, while personal spending advanced 2.3%. "This is a perfect report for the Fed."

U.S. Economy Grew Faster Than Expected Last Quarter

DOL's ESG Investing Rule Challenge Sent back to Lower Court

By Lynn Cavanaugh | July 24, 2024

Because the Supreme Court overturned 40 years of federal agency deference, the ESG case is headed back to the Texas judge who originally heard it.

DOL's ESG Investing Rule Challenge Sent back to Lower Court

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Instant Insights /