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RIMS June Government Affairs Updates 2015 6/30/2015

Nathan Bacchus, RIMS Sr. Government Affairs Manager

RIMS Legislative Summit  

The RIMS Legislative Summit was held in Washington D.C. on June 8-9. Approximately 40 RIMS members came together to advocate for the Policyholder Protection Act and uniformity in data breach notification law. Members met with over 50 Congressional offices, including committee leadership in both the House and Senate. Attendees were joined by key Congressional staffers who gave their outlook on prospects for passage of cyber legislation this legislative session. To learn more about the event, please visit this site.

RIMS Cyber Survey 2015 
The results of the RIMS 2015 Cyber Survey have now been released. Those results can be downloaded here

Captive Insurers Clarification Act 
On June 11, Sen. Patrick Leahy (D-VT) and Sen. Lindsey Graham (R-SC) introduced S.1561, the Captive Insurers Clarification Act. This legislation would officially omit captives from the definition of a “nonadmitted insurer” under the Nonadmitted and Reinsurance Reform Act. As currently constructed the NRRA has caused some confusion on whether independent procurement taxes on purchased insurance from a captive must be paid to both the organization’s home state and captive’s domicile. To read RIMS press release expressing support for this legislation, please click here

RISK PAC Fundraiser for Congressman Blaine Luetkemeyer 
On June 9, RISK PAC cohosted a fundraiser for Representative Blaine Luetkemeyer (R-MO). Rep. Luetkemeyer chairs the Housing and Insurance Subcommittee of the House Financial Services Committee, and will play a pivotal role in any insurance-related legislation considered by the House of Representatives. This was a terrific opportunity for representatives of RIMS, including several RIMS members, to meet face to face with a member of Congressional leadership to discuss RIMS policy priorities. If you are interested in learning more about RISK PAC, or in making a contribution, please visit the RISK PAC site.

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About RIMS

As the preeminent organization dedicated to educating, engaging and advocating for the global risk community, RIMS, the risk management society™, is a not-for-profit organization representing more than 3,500 corporate, industrial, service, nonprofit, charitable and government entities throughout the world. RIMS has a membership of approximately 11,000 risk practitioners who are located in more than 60 countries. For more information about the Society’s world-leading risk management content, networking, professional development and certification opportunities, visit

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