All the headlines from our Political Risk Topic Page, ordered by recency.
Jan 29 2008 // Ohio Department of Insurance Director Mary Jo Hudson earlier this month issued a bulletin concerning the recent extension of the Terrorism Risk Insurance Act (TRIA), as enacted by Congress and signed by the President. The...
Jan 28 2008 // Willis Group Holdings announced that Rob Perry will join its Asia Political Risk and Trade Credit division team in Singapore as an Executive Director. He is currently a team leader in Willis’ Political Risk Practice...
Dec 19 2007 // The U.S. House of Representatives has passed an extension to the Terrorism Risk Insurance Act (TRIA) by a vote of 360 to 53 in a form closer to what the Bush Administration and the Senate would support than to an original...
Dec 18 2007 // Bermuda-based Aspen Insurance Holdings Limited has appointed Bernard de Haldevang as Head of Political Risk Insurance with immediate effect. He will report directly to Matthew Yeldham, Aspen’s Head of International...
Dec 12 2007 // The Bush Administration has reasserted its opposition to a House bill that would extend the federal terrorism insurance program after it expires on Dec. 31, vowing to veto any final measure that differs measurably from the...
Dec 2 2007 // The Senate passed the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2007, its version of legislation that will extend the federal terrorism insurance backstop. The current federal terrorism reinsurance...
Nov 27 2007 // Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has increased capacity of its BioChem Shield product from $10 million to $25 million. BioChem Shield is Lexington’s coverage...
Nov 16 2007 // The Senate today passed the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2007, legislation that will extend the federal terrorism insurance backstop. The current federal terrorism reinsurance program...
Nov 14 2007 // AIR Worldwide Corporation has released an updated version of its U.S. Terrorism Model, which is available in Version 9.5 of its catastrophe risk management systems. AIR said the new model is the result of “two years...
Nov 5 2007 // Threats from terrorists have become a subject nobody can ignore – least of all the insurance industry. To meet those threats requires knowing who the terrorists are and how they operate. Lloyd’s recent seminar...
Nov 4 2007 // By Kathleen S. EllisThe stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by...
Nov 4 2007 // By Kathleen S. EllisThe stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by...
Oct 29 2007 // A key House leader says he will push for a 120-day extension of the federal terrorism reinsurance program that expires at year’s end rather than simply accept the Senate bill that is narrower in scope than the House...
Oct 17 2007 // Senate leaders have agreed on a bill to renew the federal terrorism reinsurance program, although without some of the added provisions and for not as long as the House of Representatives wants.The Senate Banking Committee,...
Oct 12 2007 // The world is a dangerous place, and sometimes a very confusing one. Specialist insurer Hiscox has met the challenge of trying to separate outbreaks of “war, terrorism and political violence” as they...
Oct 10 2007 // Taxpayers save money and businesses are better protected with the Terrorism Risk Insurance Act (TRIA) in place than if the act is allowed to expire, according to a recent study by RAND Corp.The analysis found that TRIA,...
Sep 24 2007 // While global warming may ultimately prove to be the biggest crisis the world’s people have ever faced, it’s not as immediate a threat as that posed by global terrorism. After Sept. 11 and the Madrid and London...
Sep 20 2007 // The House of Representative approved by a vote 312-110 H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007 (TRIREA), legislation that extends and revises the federal terrorism insurance backstop for...
Sep 18 2007 // The Bush Administration believes that the federal backup for terrorism reinsurance should be phased out in favor of a private market for terrorism insurance and “strongly opposes efforts to expand the federal...
Aug 2 2007 // The House Financial Services Committee voted yesterday to extend and expand the federal terrorism reinsurance law, going against the wishes of the Bush Administration.The panel voted by 49 to 20 in favor of H.R. 2761, the...