All the headlines from our Political Risk Topic Page, ordered by recency.
Jul 18 2005 // The powerful House Committee on Financial Services could have a federal terrorism reinsurance proposal to consider next month although many politicians and observers are skeptical that Congress will actually replace or...
Jul 18 2005 // The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its opposition to the renewal of the Terrorism Risk Insurance Act by Congress in its current...
Jul 13 2005 // The chairman of the House committee dealing with terrorism insurance and renewal of the Terrorism Risk Insurance Act vowed Wednesday to have a bill out of committee this year.“I am committed to delivering a bill this...
Jul 8 2005 // National Association of Insurance Commissioners (NAIC) warns that significant market disruptions could develop with the Federal Terrorism Risk Insurance Act’s (TRIA) expiration on Dec. 31, 2005, the law’s...
Jul 7 2005 // Twnety-one bipartisan members of Congress from New York have signed a letter urging quick action on renewal of the Terrorism Risk Insurance Act, which the Bush Administration has opposed in its current form.A day after...
Jul 7 2005 // British Prime Minister Tony Blair spoke about this morning’s explosions on buses and tubes in the capital.Speaking from the G8 summit in Gleneagles, he said his thoughts were with the victims and families of those...
Jun 30 2005 // The Treasury Department on June 30 released a long-awaited report on the Terrorism Risk Insurance Act of 2002 that concludes the act should not be renewed by Congress in its current form.The report finds that TRIA has...
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
Jun 30 2005 // The business lobby, Coalition to Insure Against Terrorism, is blasting as “flawed” and illogical the Treasury Department’s report recommending against renewal of the federal Terrorism Risk Insurance Act...
May 30 2005 // Leaders from the public and private sectors from throughout the nation will take part in the National Symposium on the Future of Terrorism Risk Insurance on the campus of the University of Southern California on June 20,...
May 25 2005 // A Senate Homeland Security Subcommittee hearing set for Thursday, May 26, is the latest in a series of Capitol Hill examinations of port security and the potential economic harm terrorists can cause. These hearings clearly...
May 23 2005 // Nearly half of large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2004, a dramatic increase from the 2003 average of 27 percent. Meanwhile, the cost of property terrorism...
May 18 2005 // During the recently concluded Arizona legislative session, property/casualty insurers successfully lobbied for exclusion from insurance coverage of damage caused by terrorism, and also for medical malpractice liability...
May 12 2005 // New York Attorney General Eliot Spitzer has bypassed due process and used McCarthy-like tactics to wage “corporate terrorism” against the insurance industry even while ignoring his own alleged conflicts of...
May 9 2005 // Idaho’s 2005 legislative session was marked as much by what legislation was passed as by what was not passed, according to the American Insurance Association. “Idaho legislators and Gov. Dirk Kempthorne (R)...
Apr 21 2005 // Idaho’s 2005 legislative session was marked as much by what legislation was passed as by what was not passed, according to the American Insurance Association (AIA).“Idaho legislators and Gov. Dirk Kempthorne...
Apr 19 2005 // Regardless of whether or not the U.S. Federal Government authorizes an extension to TRIA (Terrorism Risk Insurance Act) beyond the end of this year, terrorism remains a very real threat and should not be ignored.According...
Apr 18 2005 // Insurance companies are getting a better handle on how to estimate commercial property terrorism exposures and price the coverage thanks to advances in computer modeling.Despite the strides made in modeling to estimate...
Apr 18 2005 // GAO Study Explores Examples of How Public-Private Insurance Partnerships OperateA new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government...
Apr 14 2005 // In testimony today before the Senate Banking Committee, Ernie Csiszar, president and chief executive officer of the Property Casualty Insurers Association of America, outlined possible components of a long-term terrorism...