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The Terrorism Risk Insurance Act

A Practitioner’s Guide

By Jason M. Schupp
Print Versions
Price: $85.00
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Format: Softcover
ISBN 13: 978-1-63413-793-5
LCCN: 2016904732
Trim Size: 6" x 9"
Number of Pages: 218
Publisher: North Loop Books
Publication Date: 7/5/2016

From the outset, the Terrorism Risk Insurance Act program succeeded in making terrorism insurance widely available to US businesses and local governments without jeopardizing the long-term sustainability of the insurance industry.

Nearly a decade and a half later, the Terrorism Risk Insurance Act remains an essential part of our national strategy for economic security and resilience in the face of terrorism. Over that time, however, knowledge of the program has steadily eroded as many who were involved in the program’s early years have moved on or retired.

The Terrorism Risk Insurance Act: A Practitioner’s Guide assists today’s insurance professional to bridge this gap through a comprehensive explanation of each of the elements of the program reinforced through practical examples. Each chapter concludes with a description of processes, controls, and testing that practitioners may consider to maximize potential recoveries under the program and build reliable evidence of compliance.

JASON M. SCHUPP has served in various legal and regulatory roles in the insurance industry for more than twenty years. At the time of the September 11 terrorist attack, he worked as Claims Counsel for one of the country’s largest commercial property and casualty insurers. Based on his experience in terrorism-related coverage disputes, as well as operational implementation of the Terrorism Risk Insurance Act of 2002, Mr. Schupp has represented a major insurance trade association in testimony before the United States Congress and has regularly engaged with US Treasury and state insurance regulators on matters relating to terrorism insurance.

Mr. Schupp received a law degree from the University of Maryland and is admitted to the Court of Appeals of Maryland and the District of Columbia. He received a Bachelor of Science (B.S.) degree in Marine Transportation from the United States Merchant Marine Academy.

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