As RIMS 2014 kicks off in Denver, Mary Roth, executive director of the Risk and Insurance Management Society Inc., speaks with NU's Shawn Moynihan about TRIA, a proposed rule that would change the way employee injuries are reported, and what she's seeing among the Society's membership in terms of cyber liability, among other topics.

Q: A bi-partisan agreement was recently introduced for long-term TRIA extension, but obviously a solution there still seems pretty far off. What do you think it will take for TRIA to be extended? How must the industry, and RIMS in particular, educate and convince lawmakers of the importance of this issue?  

A: RIMS thinks that it is important for the industry, and particularly risk professionals, to continue to educate members of Congress that TRIA is not just an insurance issue, but also an economic one. We are already seeing the effects on the workers compensation market, particularly in areas with high concentrations of employees. Further, allowing TRIA to expire could have far reaching ramifications on construction contracts and lending agreements which could set the economy back. We hope that all risk professionals will reach out to their Congressional representatives and join us for RIMS Legislative Summit in June to further emphasize the importance of extending TRIA in a timely manner.