Following the September 11th attacks, many insurers stopped providing terrorism risk coverage after suffering what was then the most costly disaster in the history of insurance. In the wake of the financial disruption, the government enacted the Terrorism Risk Insurance Act; a public-private cost-sharing arrangement that requires private insurance companies to provide terrorism risk coverage in exchange for federal financial backing. Without Congressional intervention, TRIA is currently scheduled to sunset on December 31, 2014.
Join National Journal for a policy summit that will convene the nation's top security, financial and insurance experts for a robust discussion concerning TRIA's future. The discussion will explore questions such as: Is TRIA a common-sense solution that benefits insurers and policyholders alike, or do taxpayers bear the burden of unnecessary insurance bailouts? What other costly disasters might be on the horizon, and should TRIA be reauthorized at the end of next year?
Jeffrey D. DeBoer
Jeff DeBoer is the founding President and CEO of The Real Estate Roundtable. The Real Estate Roundtable represents the leadership of the nation’s top 150 privately owned and publicly-held real estate ownership development, lending and management firms, as well as the elected leaders of the 16 major national real estate industry trade associations. Collectively, Roundtable members’ portfolios contain over 5 billion square feet of office, retail and industrial properties valued at more than $1 trillion; over 1.5 million apartment units; and nearly 2 million hotel rooms.
Steve joined TCS in 1999 and serves as Vice President, overseeing programs and serving as a leading media and legislative spokesperson. A persistent critic of the mounting budget deficit and federal fiscal policy, Steve has testified before numerous Congressional Committees and has appeared on national network news programs, including programs on CBS, NBC, ABC, Fox, CNN, MSNBC, PBS, and NPR. His expertise ranges from earmarks to flood insurance and a lot of spending issues in between.
Michael Grimm is serving his second term in Congress, proudly representing Staten Island and parts of Brooklyn. He continues to fight for the issues that matter most to his district, such as combatting toll hikes, job creation, and creating a safer NYC against those who wish to do us harm. He actively led efforts to pass the Superstorm Sandy relief bill, which is now helping his district rebuild stronger and better. Rep. Grimm currently serves on the House Financial Services Committee.
Congressman Randy Neugebauer proudly represents the 19th Congressional District of Texas, which stretches across 29 counties and includes the cities of Abilene, Big Spring and Lubbock.
As one of the most conservative Members of Congress, Randy works to keep Washington accountable to hardworking American taxpayers by requiring commonsense spending and borrowing limits.
Leigh Ann Pusey
Leigh Ann Pusey is the president and CEO of the American Insurance Association (AIA). She oversees the organization’s operations and works directly with AIA’s Board of Directors to develop and guide the strategic mission of the association. AIA is the leading property-casualty insurance trade organization, representing more than 300 insurers that write more than $110 billion in premiums each year.
Professor Rhee’s legal experience includes positions as a law clerk on the U.S. Court of Appeals for the Third Circuit, and a trial attorney in the Honors Program of the U.S. Department of Justice. He also has significant investment banking experience. He was a vice president in financial institutions investment banking at Fox-Pitt, Kelton (a unit of Swiss Re) in New York, and an M&A investment banker at UBS Warburg in London. He has worked on public and private M&A assignments, distressed restructurings, private equity funding, and debt and equity issuances. His articles have been published in New York University Law Review, Michigan Law Review, Northwestern University Law Review, Notre Dame Law Review, Emory Law Journal, and William & Mary Law Review. Professor Rhee is also the author of several books: Essential Concepts of Business for Lawyers (Wolters Kluwer Law & Business 2012); Limited Liability Entities: State by State Guide to LLCs, LLPs, and LPs, volumes 1-10 (Wolters Kluwer Law & Business); Corporate Finance (forthcoming 2014, casebook with Aspen Publishers). Professor Rhee’s scholarship is frequently cited in leading law reviews and academic books. He has a joint appointment (courtesy) as a Professor at Johns Hopkins Carey Business School, and he will be a visiting professor in fall 2013 at Georgetown University Law Center. He has also taught corporate ethics at the University of Maryland Robert H. Smith School of Business. Professor Rhee has served as an expert witness opining on issues related to fiduciary duty and governance in business organizations, and has provided transactional and negotiation training to attorneys at a major law firm.
Kristin Roberts is news editor for National Journal. In this role, she leads a team of managing editors and guides National Journal’s coverage of the biggest stories. Before joining National Journal in November 2011, Ms. Roberts was news editor and deputy bureau chief for Reuters’ Washington bureau. She spent 11 years at Reuters, with positions in New York, Miami, and Washington. Ms. Roberts covered Wall Street while in New York and then led Reuters' coverage of housing and banking policy and regulation from Washington. In 2006, she shifted to Pentagon coverage, reporting on war policy and traveling with Defense Secretaries Donald Rumsfeld and Robert Gates. Ms. Roberts received her Bachelor’s degree in international affairs from George Washington University, Master’s degree in security studies from Georgetown University and Master’s degree in journalism from Columbia University.
Steven N. Weisbart is senior vice president and chief economist for the Insurance Information Institute. Dr. Weisbart oversees the Institute’s program of economic research and analysis, preparing studies in support of the organization’s communications mission, speaking to media and conducting briefings for member companies, industry organizations and public policymakers. A specialist in annuities, pensions, and life, disability and long-term care insurance, Dr. Weisbart frequently also makes presentations on property/casualty issues to industry audiences as well as legislative forums.