The big question is, who is going to pay for all of these initiatives," says Run Thornton, president of the IMUA
The IMUA report estimates the cost of retrofitting all of the nation's seismically unsafe buildings by the 2020 to be $60 trillion.
Just to seismically retrofit the federal government's three billion square over feet of owned and leased office spake over the next 35 years will cost up to $1 billion annually, the IMUA report says.
For several years, insurer groups like the IMUA
and the American Institute of Marine Underwriters have sought legislation increasing the penalties for individuals caught stealing cargo.
Meetings to determine the wording of those clarifications are being held between the IMUA, AAIS, and various insurance executives.
One particular area that has raised questions among insurers and the IMUA is the interpretation of builder's risk.
Immediately following this session, the IMUA attendees will get the latest updates on Cargo Transit and Warehouse Theft - Tracking and Recovery from Charles Forsaith, Purdue Pharma, and Keith Lewis, Georgia Bureau of Investigation.
On Wednesday, May 19, 2010, IMUA attendees can take advantage of a special AAIS/HSB breakfast/educational meeting.
BYU-Hawaii launched Project IMUA
seeking ways to improve its data transactions and business processes, and enhance communication among faculty, students, and staff.
The CargoCATS situation reflects the general outlook toward cargo crime nationwide, said Thornton at the IMUA
members can download a copy of the report directly from IMUA
's Web site (www.
To help shape the bill, members of the National Cargo Security Council and IMUA
and representatives of insurance companies, including Chubb and AIG, have met with representatives of the Senate Commerce, Science and Transportation Committee.