NEW YORK (September 9, 2013) – With TRIA set to expire in 2014, RIMS, the risk management society™, was invited to meet with members of the Federal Insurance Office (FIO) to provide the insurance consumer’s perspective on the legislation and to discuss the potential impact of its expiration. Attending the meeting on behalf of the Society were former RIMS Presidents Scott B. Clark and Janice Ochenkowski, RIMS External Affairs Committee Chair Richard Rabs and members of RIMS Government Affairs practice.
“RIMS has set out to let legislators know the importance of reauthorizing TRIA and emphasize the damaging effects its expiration would have on all U.S. businesses that purchase insurance,” said Mark Prysock, RIMS General Counsel and the Society’s Director of External Affairs practice. “Meeting with the FIO was an invaluable opportunity for RIMS to voice our concerns regarding TRIA’s expiration. We’d like to thank the FIO for this opportunity and look forward to working with them to deliver a comprehensive report for Congress.”
The FIO is one of four departments that make up the presidential working group responsible for submitting a report to Congress on the TRIA program. The group continues to meet with a selection of associations/companies to compile a variety of perspectives for their final report.
To learn more about RIMS government affairs initiatives, visit www.RIMS.org/externalaffairs.