Latest Political Risk Headlines

All the headlines from our Political Risk Topic Page, ordered by recency.

Industry Coalition Praises Regulators’ Resolution to Support Terrorism Act Extension

Jun 14 2004 // A broad-based coalition of property/casualty insurance company, insurance producer and reinsurance trade associations commended the National Association of Insurance Commissioners (NAIC) for adopting a resolution...

Taking the Risk: Protecting Your Clients with Political Risk Insurance

May 17 2004 // Over the past three decades, 80 percent of the terrorist attacks against the United States have been directed against American businesses in foreign locations. In 2001, about 400 American businesses were attacked. Compared...

Questions of Coverage for Terrorism

May 6 2004 // It seems like almost every day there is a major news story concerning a terrorist act in the Middle East, Europe, or Asia. While the United States has been largely immune to the almost daily attacks of domestic terrorism...

ISO Files Conditional Terrorism Policy Endorsements

May 3 2004 // Insurance Services Office Inc. (ISO) has asked state regulators to approve conditional commercial policy contract language to address terrorism coverage should Congress not extend the federal terrorism insurance backstop...

U.S. Treasury Department Selects Benfield’s Paragon to Administer Terrorism Risk Insurance Program

Apr 29 2004 // Independent reinsurance intermediary Benfield announced that the U.S. Treasury Department has selected its subsidiary, Paragon Strategic Solutions Inc., a provider of reinsurance administration and asset recovery services,...

Feds Stymie Insurers’ Claims Against Alleged Terrorists

Apr 27 2004 // U.S. officials and insurance companies representing Sept. 11 victims are locked in an unusual legal standoff, stemming from the government’s refusal to admit it has the alleged mastermind of the attacks in...

Sen. Lautenberg to Hold NYC Briefing on Doing Business with States that Sponsor Terrorism

Apr 22 2004 // U.S. Senator Frank R. Lautenberg and New York City Comptroller William C. Thompson Jr. will host a press conference today, April 22, at 1:30 PM, to announce an amendment to the upcoming FSC-ETI bill to close a loophole...

Consumer Study Disputes Need for Renewal of Terrorism Reinsurance

Apr 22 2004 // The nation’s terrorism insurance law is not necessary to ensure the availability of affordable terrorism coverage for most areas of the country and should be allowed to expire, according to a study released by the...

Terrorism Tops List of Concerns for Workers’ Comp Professionals

Apr 19 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...

Spanish Train Bombings Renew Terrorist Threat

Apr 19 2004 // March 11, 2004 now joins Sept. 11, 2001 as dates no one now living will ever forget.The sheer horror of watching the aftermath of 10 separate explosions on the Spanish rail network in Madrid brought home the brutal...

Spanish Train Bombings Renew Terrorist Threat

Apr 19 2004 // March 11, 2004 now joins Sept. 11, 2001 as dates no one now living will ever forget.The sheer horror of watching the aftermath of 10 separate explosions on the Spanish rail network in Madrid brought home the brutal...

Study Says Workers’ Comp Terrorism Reinsurance Pool Not Enough

Apr 15 2004 // The private insurance industry for workers’ compensation would not have enough capital to withstand potential losses on its own should a catastrophic terrorism event, or multiple events, occur, according to the...

Terrorism Tops List of Concerns for Workers’ Comp Professionals

Apr 5 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas recently for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...

Terrorism and TRIA – What’s in Store for the Future’

Mar 22 2004 // Two years later, fate of the historic act remains unknownIf a camel is a “horse made by a committee” then the Terrorism Risk Insurance Act (TRIA), passed by Congress in November 2002, is a law made by several...

Terrorism Tops List of Concerns for Workers’ Comp Professionals

Mar 8 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...

ATLA, TTLA BLAST TERRORIST LABEL:

Mar 8 2004 // The Association of Trial Lawyers of America (ATLA) demanded a retraction and an apology from American Insurance Group CEO Maurice “Hank” Greenberg for calling them “terrorist trial lawyers” in a...

ATLA Blasts Greenberg for Terrorist Remark; TTLA Follows Suit

Feb 27 2004 // The Association of Trial Lawyers of America (ATLA) announced it has demanded a retraction and an apology from American Insurance Group CEO Maurice “Hank” Greenberg for calling them “terrorist trial...

RMS Funds Singapore Center to Study Political Violence and Terrorism

Feb 25 2004 // California’s Risk Management Solutions, a provider of products and services for the management of catastrophe risk, announced that it is providing funding for the first visiting research fellowship to be established...

Terrorism Insurance … We Can’t Risk Sitting On the Sidelines

Feb 23 2004 // Some have viewed this law as a bailout of a failed insurance industry; we believe just the opposite is true.When Congress passed the Terrorism Risk Insurance Act (TRIA) in 2002, some heralded the act as a panacea for...

ISO’s A-PLUS Unit Unveils Service in Fight Against Terrorism

Feb 18 2004 // Insurance Services Office, Inc.’s (ISO) A-PLUS unit has unveiled a new service insurers can use to cross-check policyholders against a U.S. Department of the Treasury master watch list to ensure that customers are...