All the headlines from our Political Risk Topic Page, ordered by recency.
Jan 20 2006 // Eleven defendants have been indicted on charges including arson and destruction of an energy facility for allegedly participating in a campaign of domestic terrorism in five western states on behalf of the extremist Earth...
Jan 18 2006 // Insurers that write monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program.During a conference...
Jan 12 2006 // Two weeks after voting to spend $7,000 a year for terrorism insurance, commissioners in a rural Alabama county have responded to a more immediate threat: angry voters.The Clarke County Commission has voted unanimously to...
Jan 5 2006 // A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the...
Jan 4 2006 // The Treasury Department issued interim guidance to assist the insurance industry in meeting new requirements for the Terrorism Risk Insurance Program.On December 22, 2005, President Bush signed into law the Terrorism Risk...
Jan 3 2006 // Insurers including those writing farm and crime coverages that use programs developed by the American Association of Insurance Services will require no immediate changes to existing endorsements and other materials to...
Jan 1 2006 // Right before going home for the holidays, Congress reconciled different House and Senate versions and approved an extension of the federal terrorism reinsurance program in the form of the Terrorism Risk Insurance Revision...
Dec 29 2005 // A rural south Alabama county has boosted its insurance coverage to cover any attack by a foreign-based terrorist group after a discussion over such an unlikely event.The Clarke County Commission approved the $7,000 annual...
Dec 29 2005 // AIR Worldwide Corporation conducted an analysis of the potential impact on insurers of the Terrorism Risk Insurance Extension Act of 2005. The Act was signed into law last week and extends the Terrorism Risk Insurance Act...
Dec 29 2005 // Insurers can continue to use Insurance Services Office’s portfolio of terrorism insurance endorsements and related rules without any revisions under the Terrorism Risk Insurance Extension Act of 2005, signed into law...
Dec 19 2005 // A.M. Best Co. believes terrorism is too risky without some sort of backstop to protect insurance companies providing coverage on a primary basis.The expiration of the Terrorism Risk Insurance Act (TRIA) of 2002 without any...
Dec 14 2005 // Congress has only a few days left to decide the future of one of the legacies of the Sept. 11 attacks, federal backup for terrorism insurance sought by the nation’s builders and investors.The 2002 Terrorism Risk...
Dec 9 2005 // An article published by Standard Poor’s Ratings Services stated that if Congress fails to renew or extend the Terrorism Risk Insurance Act (TRIA), the commercial lines property/casualty insurance sector will be...
Dec 7 2005 // Legislation that would extend the federal terrorism insurance backstop through 2007 is likely to be considered by the full U.S. House of Representatives this afternoon.TRIA, passed a year after the attacks of Sept. 11,...
Dec 7 2005 // Heffernan Insurance Brokers has announced it has appointed Ernest L. Kangas as trade credit and political risk specialist in its Portland, Ore., office. Kangas has more than 30 years experience in trade credit and...
Dec 7 2005 // Legislation that will extend the 2002 Terrorism Risk Insurance Act for an additional two years passed on the House of Representatives floor today. The House bill (S. 467) passed by a vote of 371 to 49. The Senate already...
Dec 5 2005 // The nation’s actuaries contend that the government must be involved if insurance for the damages caused by a terrorist strike is to be made widely available.The Terrorism Risk Insurance Act subgroup of the American...
Nov 21 2005 // The House Financial Service Committee has come up with a proposal to renew the federal terrorism insurance act for two years that some industry groups see as “workable” and “positive.”The bill,...
Nov 20 2005 // The House Financial Service Committee has come up with proposal to renew the federal terrorism insurance act for two years that some industry groups see as “workable” and “positive.”The bill,...
Nov 18 2005 // Moving just days after committees in the House and Senate advanced terrorism insurance bills, the full U.S. Senate today passed its version of the Terrorism Risk Insurance Extension Act of 2005 (S. 467).By a voice vote,...