The Terrorism Risk Insurance Program Reauthorization Act (TRIPRA)
was signed into law in 2007, extending the Terrorism Risk Insurance Act
(TRIA) for another seven years and expanding the definition of "act of
terrorism" to include domestic terrorism, in addition to other updates to
the law. TRIA was enacted, and subsequently renewed, after the terrorist
attacks of September 11, 2001, to provide insurers a government
backstop in the case of large-scale terrorist attacks.
The following is an excerpt from the Insurance Information Institute's March 2014 whitepaper on TRIPRA by Robert P. Hartwig, Ph.D., CPCU, President of the Insurance Information Institute, and Claire Wilkinson, Consultant. Click here to access the full whitepaper.
With just months to go until the year-end 2014 expiration of the
government-backed Terrorism Risk Insurance Program Reauthorization Act
(TRIPRA), the debate between industry and government over terrorism risk
By Paula V. Smith, Professor of English at Grinnell College and Director of the Purposeful Risk Engagement Project
By David Olson, Assistant Director of Safety for The Master's College and Glenn Klinksiek,
CPCU, ARM, MBA, DRM, Knowledge Center Content Manager for URMIA. This
is part 3 of a 4-part series discussing results of a survey of URMIA
members' risk identification practices.
If you manage risks at a college or university--and what campus
leader doesn't?--below is a list of great resources that I expect
you'll want to know about. Much of the information is freely available
online. Whether you're tackling the risks that threaten campus
safety, fiscal strength, compliance, recruitment and retention, or
safe global travel, an item from this list can help you meet the
The University Risk Management and Insurance Association (URMIA)
conducted a survey, “Identifying Risk - A Survey of Practices in Higher
Education,” of its members in early June 2014 to find out how risk
managers anticipate new or emerging risks. More than 125 URMIA members
completed the survey and generated interesting insights into the risk
identification process and how this process is most commonly conducted.
In the first two installments, Insights shared the results regarding who
has responsibility for the risk identification process and what the
survey said about the risk identification process. In this issue,
Insights will discuss the risk identification methods responders said
By Leta Finch, National Practice Leader for Higher Dducation for Aon Risk Solutions, affiliate representative to URMIA's Board of Directors, and Board of Directors liaison to URMIA's Government & Regulatory Affairs Committee.
This month's spotlight is on URMIA’s Government and Regulatory Affairs Committee, also known as GRAC.
Each year, URMIA hosts in-person regional and annual (national)
conferences around the country as well as online webinars designed to
minimize your cost and time away from the office while maximizing your
educational and networking opportunities. Take a look at November's Risky Business Week
webinar schedule here
, and save the dates for URMIA's 2015 regional conferences
Read on to learn about URMIA's 2014 Distinguished Risk Manager and Innovative Risk Management Solutions awards, Risky Business Week preparations (November 3-7, 2014), URMIA's 2014 scholarly journal, and our FREE ARM study course from Erike Young.
Each month, this article provides some of the latest risk management resources, as well as a calendar of upcoming events, webinars, conferences, and other learning opportunities in which you or your campus colleagues may be interested.
Help us welcome our newest members, and see what professional updates your colleagues have to share from the last month.