Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Insurance Industry Welcomes Terrorism Bill But Not Co-Pay Hike
Apr 15 2014 // Insurance industry lobbying groups are hopeful that the bipartisan legislation introduced in the Senate on April 10 to reauthorize the Terrorism Risk Insurance Act, or TRIA, will have a better chance for passage than some...
Aon’s New Political Risk Map Highlights ‘BRICS’ Increased Risks
Apr 11 2014 // Aon Risk Solutions, the global risk management business of Aon plc, has unveiled its 2014 Political Risk Map, which identifies an increased risk rating for all five emerging market BRICS countries. Aon noted that “as...
Senators Announce Bipartisan Bill to Reauthorize Terrorism Insurance
Apr 10 2014 // A bipartisan group of U.S. senators has agreed on legislation to extend the government’s financial backstop of terrorism insurance for seven years. The legislation would raise private insurers’ co-payments to...
Marsh’s Advice on Political Risk Market Concerns over Russia, Ukraine Turmoil
Mar 12 2014 // “Insurer concern over the political unrest and country credit ratings in Ukraine and potential sanctions in Russia have caused some to effectively stop underwriting political risk insurance in those two...
What Might Terrorists Do Next?
Feb 24 2014 // The Sept. 11, 2001, terrorist attacks created an atmosphere of anxiety and uncertainty. No one knew how many more large-scale attacks were in the pipeline. Might more Mohammad Attas already be in the country making the...
The report indicated 80 Terrorism and Political Risk
Feb 10 2014 // The world is a risky place for business travelers but it might be a little safer when it comes to terrorism and political violence risk at least in some countries. According to the recently released Aon Risk Solutions 2014...
Aon Releases Terrorism, Political Violence Map; Retail, Transport Most at Risk
Jan 29 2014 // Aon Risk Solutions, the global risk management business of Aon plc, has released its 2014 Terrorism and Political Violence Map to help organizations assess risk levels of terrorism and political violence across the globe....
Threats from Cyber Crime, Terrorism Under-Rated by Captives: Aon Report
Jan 17 2014 // Aon Global Risk Consulting, the risk management consulting arm of Aon plc has conducted further research to understand more about organizations’ attitudes to the top threats they face in today’s hyper connected...
Lloyd’s Underwriters Warn of Rising Danger from Cyber Terrorism
Jan 3 2014 // An article on the Lloyd’s website notes that “industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from...
Terrorism Insurance Extended to Four Airlines
Dec 29 2013 // U.S. government insurance that guarantees airlines are covered against terrorism and war was extended for four carriers, including Virgin America Inc., that otherwise would have lost coverage at the end of the...
Court Shields Developers From Terrorism-Related Damages in 9/11 Case
Dec 5 2013 // A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from lawsuits over property losses linked to terrorism, in a case stemming from the Sept. 11, 2001...
Noonan: Insurers Can Cover Terrorism Privately
Nov 4 2013 // A poll released last week by the Risk and Insurance Management Society — the trade association for risk managers of corporations, non-profits and local government agencies, who together are the major purchasers of...
Risk Managers: Loss of TRIA Would Limit, Possibly End, Terrorism Coverage
Oct 30 2013 // A majority of risk professionals believe expiration of the federal terrorism reinsurance program would result in a decrease of affordable terrorism coverage or, even, the total elimination of the coverage, according to a...
Is TRIA for Cyber Terrorism?
Oct 21 2013 // The insurance industry will count on the Terrorism Risk Insurance Program (Program) if there is a terrorist strike on the United States, but will the Program respond if the act of terrorism is a cyber event? Cyber...
Ironshore Increases Global Terrorism Coverage Capacity
Oct 7 2013 // Ironshore Inc. announced that its global Terrorism & Sabotage program to protect against diverse risk exposure worldwide has increased capacity to up to U.S. $300 million. The insurance coverages are underwritten by...
‘Rear View Mirror’ Political Risk Management No Longer Works: Marsh
Sep 30 2013 // In an age of social media, simply looking at what has happened in the past no longer works to forecast what political events lie ahead in emerging markets, insurance and risk management firm Marsh advises. The speed at...
Brokers Urge Renewal of ‘Essential’ Federal Terrorism Insurance
Sep 19 2013 // The federal Terrorism Risk Insurance Act (TRIA) is a “model” for public-private cooperation and should be renewed, insurance broker Marsh told lawmakers on Capitol Hill. Peter J. Beshar, executive vice...
Private Market Will Dry Up If Federal Terrorism Insurance Not Renewed: Aon
Sep 18 2013 // Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away. The brokerage firm revealed the conclusion based on its “market intelligence” in...
On 9/11 Anniversary, a Call to Renew Federal Terrorism Insurance
Sep 11 2013 // On today’s anniversary of the 9/11 terrorist attack against the United States, the Insurance Institute for Business & Home Safety (IBHS) joined with citizens across the country in remembering those whose lives...
P/C Industry Faces Challenges If Terrorism Coverage Not Renewed: Fitch
Aug 1 2013 // If Congress fails to renew or makes significant changes to the federal government’s terrorism risk insurance program, some insurers will be forced to significantly alter their underwriting portfolios to reduce...
