Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
UK Insurers Already Banned from Paying Ransoms to Terrorist Organizations
Nov 25 2014 // The UK Government’s proposal to ban the payment of ransoms by insurers to terrorist organizations, which will be officially presented to Parliament tomorrow, is in fact already inscribed in law, not only by the UK,...
UK Anti-Terrorism Proposal Would Clarify Insurance Law on Ransom Payments
Nov 24 2014 // The U.K. government will introduce anti-terrorism legislation this week requiring internet companies to provide user data to authorities. The bill, to be published on Nov. 26 and fast-tracked through Parliament so it...
How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO
Nov 21 2014 // Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in catastrophe risk...
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new...
U.S. Veterans Sue Banks, Allege Money Scheme Aided Terrorists
Nov 12 2014 // Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian...
Barker Joins ANV Syndicate 1861 as Political Risk & Violence Underwriter
Oct 28 2014 // ANV Holdings BV, the Dutch-headquartered specialty insurance business, announced that Julian Barker has joined its ANV Syndicate 1861 as an underwriter in the political risk & violence team. With more than a decade of...
Nehra Joins Starr Companies to Lead Political Risk Group
Oct 1 2014 // Rashmi Nehra has joined Starr Companies in New York as a practice leader managing its Political Risk group. She will report to Alex Pittignano, senior vice president of Political Risk. She joins as Starr continues to...
U.S. Jury Finds Arab Bank Liable Under Terrorist Financing Law
Sep 23 2014 // A U.S. jury on Monday found Arab Bank Plc liable for providing material support to Hamas and said it must compensate victims of two dozen attacks attributed to the Islamic militant group in Israel and the Palestinian...
Treasury Hasn’t Determined Boston Bombing Was ‘Act of Terrorism’ Under TRIA
Sep 19 2014 // A U.S. Treasury Department spokesperson last week provided a statement to Boston news outlets that said “The Secretary has not determined that there has been an ‘act of terrorism’ under the Terrorism Risk...
I.I.I.: 13 Years After 9/11, Threat of Terrorist Attack Remains Real
Sep 11 2014 // The Insurance Information Institute said this week that the threat of terrorist attack remains real and that the 13-year anniversary of the Sept. 11 terror attack is a reminder of the urgent need for federal lawmakers to...
Is There a House Republican Deal on Export-Import Bank, Terrorism Insurance?
Sep 9 2014 // Representative Jeb Hensarling, a Texas Republican who has been a key opponent of the U.S. Export-Import Bank, now supports a short-term extension of the bank’s mandate, opening the door to a temporary reprieve for...
Cyber Attacks on Banks Color Terrorism Insurance Renewal Debate
Sep 1 2014 // Bankers and U.S. officials have warned that cyber-terrorists will try to wreck the financial system’s computer networks. What they aren’t saying publicly is that taxpayers will probably have to cover much of...
Reinsurers Starting to Drop their Terrorism Exclusions
Jul 1 2014 // As property insurers lock up their July 1 reinsurance renewals, many are finding a bonus surprise above and beyond the soft pricing environment – the terrorism exclusions that have been standard in reinsurance contracts...
ACE Names Chen Underwriting Manager for Asia Property, Terrorism
Jun 23 2014 // ACE Group has appointed Cassie Chen as regional Property and Terrorism underwriting manager for Asia. She will be based in the Singapore regional office and will report to Jason Keen, head of Property for Asia. Chen joined...
Senate Committee Advances Terrorism Insurance Renewal
Jun 3 2014 // The U.S. Senate Banking Committee approved a legislation that would extend for seven years the government’s financial backstop of terrorism insurance. The panel approved by a 22-0 vote a bipartisan bill that would...
The Anatomy of Terrorism from BBC Correspondent Fergal Keane
Jun 2 2014 // BBC correspondent Fergal Keane, who’s been reporting from the world’s hotspots for 25 years, told delegates in his keynote speech at the recent European Insurance Forum in Dublin that the terrorist mind set,...
Professional Sports Teams Looking for Terrorism Insurance Win in Congress
Jun 2 2014 // Renewal of a U.S. terrorism insurance plan is gaining momentum in Congress, thanks to some big-league backing from a coalition that includes professional football, baseball, basketball and hockey leagues. The sports...
House Republicans Offer Road Map for the Future of Terrorism Insurance
May 15 2014 // Having previously played (and arguably, lost) two prior rounds of legislative “chicken” with the insurance industry, congressional conservatives are making it known that, this time around, they’re quite...
Hiscox Increases U.S. Terrorism Insurance Capacity to $200 Million
Apr 28 2014 // Hiscox has increased capacity to $200 million for U.S. domiciled terrorism risks. The additional capacity addresses the increased demand for standalone terrorism coverage caused by the upcoming expiration of the U.S....
Marsh Report Finds Continued Demand for Terrorism Risk Insurance; Urges Renewal
Apr 22 2014 // Demand for terrorism insurance remains strong and the existence of the federal terrorism risk insurance program plays a key role in making coverage available and affordable, according to a report released by insurance...
