Meeting the business challenges presented by the risk of terrorism and the opportunities presented by the new Terrorism Risk and Insurance Act is the topic of an upcoming conference in Washington, D.C. “Terrorism Risk Assessment & Insurance Coverage” is set for June 12-13 at the Westin Grand. Law firm Morris, Manning & Martin, LLP, and Aon Risk Services will co-host the event.
“This Conference is unique in that it first focuses on a worldwide threat analysis, then seeks to quantify the risk profiles and the solutions,” said conference Chairman and global terrorism insurance expert Tom Player. “The kind of firepower assembled here seldom comes under the same roof,” added Player, who also chairs the Insurance and Reinsurance Group at Morris, Manning & Martin.
“The risk posed by terrorism is relatively new to financial decision makers in the U.S.,” added Gail Norstrom, Managing Director of Aon Risk Services. “Tools are being developed to quantify the risk and put it on a level plane with other risks,” he said. “It’s important for decision makers to stay on top of this developing area.”
The event is designed to provide critical information to insurers, reinsurers, CEOs, managing directors, attorneys, risk managers, captives, business development executives, security directors, brokers, underwriters, claims officers and others. The agenda includes an overview of the worldwide terrorism risk and insurance coverage, regulatory updates, and market analysis as well as the law’s impact on captives, risk profiling, workers’ compensation and the reinsurance marketplace.
“The Terrorism Risk Insurance Act was Congress’ attempt to stimulate the insurance industry to provide terrorism coverage,” said Robert “Skip” Myers, Jr., Managing Partner of the Washington, D.C. office of Morris, Manning & Martin. “We need to determine how successful the Act has been and what can be done to make the program more successful,” added Myers, who will open the second day of the conference.
The two-day conference will include speakers from the U.S. Treasury, Kroll, Inc., American International Group, Cochran, Coronia & Co., Ace INA Holdings, Inc., Towers Perrin, KPMG, and three risk profile and modeling companies – Eqecat, AIR & RMS. The Strategic Research Institute is producing the event.
For more information, visit www.srinstitute.com.
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