All the headlines from our Political Risk Topic Page, ordered by recency.
Jun 28 2006 // Global insurance broker Willis Group Holdings has released a new political risk pricing paper, which is aimed at encouraging the injection of capacity into the political risk reinsurance market. The study, entitled...
Jun 8 2006 // Standard & Poor’s Ratings Services said it is changing its process for evaluating the terrorism exposure of insurers and reinsurers.The updated process is partly a response to the increased insurance retentions...
Jun 8 2006 // The financier slated to be the country’s next Secretary of Treasury differs with his predecessor and the Bush Administration over the need for federal government involvement in providing terrorism reinsurance.At...
May 31 2006 // Chicago-based Aon Corp. has responded to the U.S. Treasury’s request for comment on the state of the U.S. terrorism insurance marketplace, warning of the danger of allowing the Terrorism Risk Insurance Act of 2002...
May 4 2006 // The business-backed Coalition to Insure Against Terrorism (CIAT) says it welcomes the recent request by the President’s Working Group on Financial Markets (PWG) for public comments on a long-term terrorism insurance...
Apr 25 2006 // The commercial insurance marketplace cannot effectively price and underwrite terrorism coverage because there still is no effective modeling, so any long-term solution to the terrorism risk coverage must involve the...
Apr 17 2006 // With the exception of a few notorious hotspots, rates for stand-alone terrorism insurance have dropped by 40 to 50 percent since 2002, according to Aon’s Crisis Management division. The reductions have been driven by...
Apr 6 2006 // With the exception of a few notorious hotspots, overall rates for stand-alone terrorism insurance have dropped by 40-50 percent since 2002, according to an update on the market by Aon’s Crisis Management Division....
Apr 3 2006 // Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance Information Institute, posed that...
Mar 31 2006 // The American Academy of Actuaries disclosed that a future large terrorist attack in New York City could result in $778 billion in insured losses.Speaking at the National Association of Insurance Commissioners public...
Mar 31 2006 // Declaring the Terrorism Risk Insurance Act (TRIA) “an essential policyholder protection,” Edmund F. (Ted) Kelly, Liberty Mutual Group chairman, president and CEO, this week urged the National Association of...
Mar 29 2006 // The nation’s largest insurance association called today for the creation of an effective, long-term mechanism to manage the unique risk posed by terrorist attacks.Independent insurance agent Sharon Emek, Ph.D., CIC,...
Mar 20 2006 // As the oldest marine insurer in the world, Lloyd’s has long been aware of the menace pirates pose to shipping. These days, however, they aren’t the “Yo, ho, ho and a bottle of rum” kind of pirates,...
Feb 16 2006 // Pricing to cover terrorism risks is unlikely to change in the short term following renewal of the federal reinsurance program, however that could change quickly if there is another terrorist event, according to a n...
Feb 6 2006 // The Congressional Budget Office is projecting a government cost of $1.5 billion through the next 10 years under the legislation extending the Terrorism Risk Insurance Act of 2005 (S. 467).However, despite weighing averages...
Feb 6 2006 // Insurers writing monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program.Officials of the U.S....
Feb 5 2006 // The Congressional Budget Office is projecting a government cost of $1.5 billion through the next 10 years under the legislation extending the Terrorism Risk Insurance Act of 2005 (S. 467).However, despite weighing averages...
Feb 5 2006 // Insurers writing monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program. Officials of the U.S....
Jan 25 2006 // The Independent Insurance Agents & Brokers of America is throwing its support behind a study of the need for long-term federal terrorism insurance. The association backs a bipartisan bill introduced in the House of...
Jan 25 2006 // A new national survey of 1,000 Americans revealed that Americans are more fearful of car accidents, natural disasters and terrorist attacks than they are of the Avian Bird flu.The national survey was conducted by HCD...