All the headlines from our Political Risk Topic Page, ordered by recency.
May 5 2003 // Nuts & Bolts: ACE USA announced terrorism-related products providing broader solutions for U.S.-based clients. The new offering addresses coverage gaps created by the Terrorism Risk Insurance Act (TRIA), including...
May 5 2003 // The Insurance and Technology Conference, sponsored by Insurance Services Office, Inc. (ISO), will be held Nov. 2-4 at the Disneyland Hotel in Anaheim.Dr. James Canton, futurist and author, will be the keynote speaker,...
May 1 2003 // Washington taxpayers and the State Fund will get significant financial relief from the federal government in the event of an act of terrorism that results in catastrophic losses to the workers’ compensation system....
Apr 18 2003 // The German government recently announced it would not give state aid to Deutsche Lufthansa AG in the event of a terrorist attack, according to Dow Jones Newswires. The Finance Ministry cited insurers’ present...
Apr 7 2003 // The U.K.’s Hiscox Plc, a leading London market insurer, partly owned by Chubb Corp., has reportedly seen an increase in the demand for coverage of terrorist related risks by small and medium-sized U.S. companies...
Apr 3 2003 // The National Association of Mutual Insurance Companies (NAMIC) submitted comments this week to the Department of Treasury on the first round of interim final regulations of the Terrorism Risk Insurance Act (TRIA).The...
Apr 2 2003 // The National Association of Independent Insurers (NAII) submitted comments on the interim final rule implementing the Terrorism Risk Insurance Act.“NAII appreciates the efforts of the Treasury Department in issuing...
Mar 31 2003 // An endorsement is now available for providing terrorism coverage on rental dwellings covered by dwelling and premises liability policies, in the event that such coverage is determined to be commercial insurance under the...
Mar 25 2003 // Washington taxpayers and the State Fund will get significant financial relief from the federal government in the event of an act of terrorism that results in catastrophic losses to the workers’ compensation...
Mar 24 2003 // Insurers are offering terrorism coverage, but many buildings, businesses and other commercial interests across the United States are not buying the insurance because they do not consider themselves targets of terrorism,...
Mar 20 2003 // The New York State Insurance Department has adopted, on an emergency basis, amendments to Regulations 41 and 57, the effect of which is to limit fully-earned premium policy provisions with respect to terrorism coverage as...
Mar 14 2003 // Insurity Inc., a ChoicePoint® company, announced that its policy administration platform now provides broad support for the Terrorism Risk Insurance Act of 2002 mandates. Insurity has taken a multi-phase approach for...
Mar 14 2003 // On Jan. 17, 2003, Calif.’s Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee authorized the WCIRB to pursue the development of estimates of potential workers’ compensation...
Feb 28 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) engaged EQECAT in Jan. 2003, a nationally recognized catastrophe modeling firm, to prepare an analysis of potential terrorism losses in...
Feb 27 2003 // The Alliance of American Insurers (AAI) is applauding the U.S. Department of the Treasury for its reported diligence in issuing the first set of regulations under the Terrorism Risk Insurance Act (TRIA) of...
Feb 25 2003 // Dearborn Financial Services has developed an online course to address the new federal requirements for property and casualty insurance mandated by the Terrorism Risk Insurance Act. The course provides a historical overview...
Feb 25 2003 // Nuts & Bolts: Venture Programs Inc. introduced a new type of business insurance coverage that protects against the loss of income due to terrorist-related Anthrax attack and other airborne diseases. The Airborne...
Feb 19 2003 // New York Superintendent of Insurance Gregory Serio announced that the Department has reached an agreement with the Insurance Services Organization (ISO) on terrorism loss costs for commercial property in New York...
Feb 10 2003 // With a federal terrorism reinsurance backstop now in place, the industry is faced with implementing the provisions of the legislation in a timely and efficient manner. This has and will continue to require unprecedented...
Feb 10 2003 // With a federal terrorism reinsurance backstop now in place, the industry is faced with implementing the provisions of the legislation in a timely and efficient manner. This has and will continue to require unprecedented...