All the headlines from our Political Risk Topic Page, ordered by recency.
Oct 7 2013 // Ironshore Inc. announced that its global Terrorism & Sabotage program to protect against diverse risk exposure worldwide has increased capacity to up to U.S. $300 million.The insurance coverages are underwritten by...
Sep 30 2013 // In an age of social media, simply looking at what has happened in the past no longer works to forecast what political events lie ahead in emerging markets, insurance and risk management firm Marsh advises.The speed at...
Sep 19 2013 // The federal Terrorism Risk Insurance Act (TRIA) is a “model” for public-private cooperation and should be renewed, insurance broker Marsh told lawmakers on Capitol Hill.Peter J. Beshar, executive vice president...
Sep 18 2013 // Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away.The brokerage firm revealed the conclusion based on its “market intelligence” in a...
Sep 11 2013 // On today’s anniversary of the 9/11 terrorist attack against the United States, the Insurance Institute for Business & Home Safety (IBHS) joined with citizens across the country in remembering those whose lives...
Aug 1 2013 // If Congress fails to renew or makes significant changes to the federal government’s terrorism risk insurance program, some insurers will be forced to significantly alter their underwriting portfolios to reduce...
Jul 22 2013 // Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing up to provide more cover.The...
Jul 10 2013 // Could it happen to us? Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing up to...
Jul 2 2013 // Japan’s Fukushima Dai-Ichi nuclear plant, whose 2011 meltdowns dislocated 160,000 people, may provide a new blueprint for terrorists seeking to inflict mass disruption, security analysts said at a United Nations...
Jun 27 2013 // Global banks will have to vet all customers for terrorism links as part of a crackdown on money laundering and criminal finance.Terrorist screening “should be carried out irrespective of the risk profile attributed...
Jun 21 2013 // “The recent attacks in London, Paris and the Boston marathon bombing are evidence that terrorists are resorting to simpler tactics,” said Mark Lynch, the head of Political Risk Model Development at Aon...
Jun 12 2013 // “Several of the world’s long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is predominant today,” according to a new technical guide produced by...
May 29 2013 // Ironshore International has launched an insurance product that responds to the heightened risk exposure associated with high-profile events. The new product, “SecurEvent,” is a single broad form policy that...
May 15 2013 // The continued threat of a terrorist attack or political violence worldwide persists and is not going away anytime soon.Despite 19 countries showing improved terrorism and political violence ratings, according to...
May 13 2013 // President Barack Obama’s declaration that the Boston Marathon bombings were an act of terrorism could make it difficult for many affected businesses to be reimbursed for losses resulting from the explosions.Federal...
May 8 2013 // XL Group added two new members to its Political Risk and Trade Credit (PRTC) business.XL appointed Mena Cammett as senior risk analyst and Dane Mahoney as risk analyst. Both are based in New York and report to Rafael...
May 6 2013 // Congress faces a packed agenda this year. Deficit reduction, immigration reform and gun control will dominate the agenda. But another issue must be added to the docket — reauthorization of the Terrorism Risk Insurance...
Apr 30 2013 // The recent bombing at the Boston Marathon serves as a reminder that mass violence remains a critical threat for organizations, say experts at insurance brokerage Marsh, which just issued its latest report on sales of...
Apr 30 2013 // The April 15 Boston bombings could have an impact on the efforts to renew the federal government’s terrorism insurance backstop.Some experts say the Boston Marathon tragedy could help the cause of supporters of the...
Apr 25 2013 // There are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes such as determining the applicability of terrorism exclusions and...