Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
ACE Europe Global Markets Study Highlights Political Risk Concerns
Feb 1 2007 // According to a new report the Economist Intelligence Unit (EIU), sponsored by ACE, “nearly 30 percent of senior executives and risk professionals surveyed said their companies had been forced to cancel existing...
AAIS Files Terrorism Loss Costs in Commercial Properties
Jan 19 2007 // The American Association of Insurance Services (AAIS) is introducing loss costs for pricing terrorism coverage in its Commercial Properties Program. A countrywide manual supplement filing, now underway, will substitute the...
Report: U.S. Rails with Hazardous Materials Vulnerable to Terrorists
Jan 18 2007 // Train lines that carry hazardous shipments have little or no police presence and shoddy security that makes them easy targets for terrorists, according to a newspaper investigation. During a several-month, nationwide...
P/C Execs Expect Terrorism Insurance Renewal, Win in Katrina Suits
Jan 11 2007 // Leaders of the property/casualty insurance industry expect Congress to extend the Terrorism Risk and Insurance Act in 2007, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 11th annual...
Citation Re Offers Stand-Alone Terrorism Coverage
Jan 9 2007 // Citation Re, a New York- based reinsurance company, is making available terrorism coverage for suburban risks. This stand-alone terrorism coverage has limits up to $65 million. Citation Re also announced the promotion of...
Mo. Commissioners Elect to Purchase Terrorism Coverage
Jan 2 2007 // Cape Girardeau County, Mo. government buildings have been insured against a terrorist attack, ensuring that taxpayers won’t be stuck with the cost of rebuilding. In approving purchase of the policy late last week,...
Report: N.Y. City Commuter Tunnels Vulnerable to Terrorist Activity
Dec 29 2006 // It has long been one of New York City’s nightmares: Terrorists target tunnels, flooding commuter lifelines and possibly some of the city itself. The grim scenario is getting renewed scrutiny after a new report...
Beazley Bolsters Political Risk Team
Dec 19 2006 // The UK’s Beazley Group plc announced that Peter Jenkins and Marc Werblow have joined its political risks underwriting team. “Their appointment demonstrates Beazley’s commitment to grow the business...
Number of western businesses buying property terrorism coverage increases dramatically
Dec 11 2006 // Nearly six in 10 large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2005, an increase from the 2003 average of 27 percent and up from 50 percent in 2004. A report from insurance...
Number of western businesses buying property terrorism coverage increases dramatically
Dec 10 2006 // Nearly six in 10 large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2005, an increase from the 2003 average of 27 percent and up from 50 percent in 2004. A report from insurance...
Maritime Terrorism Risk Extends to Cruise Ships, Ferry Boats, Study Says
Oct 16 2006 // Cruise ships and ferry boats need more protection against terrorist attacks that could kill and injure many passengers and cause serious financial losses, according to a new RAND Corporation report. “Attacks on...
Terrorism insurance market hits federal radar
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
Terrorism insurance market hits federal radar
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
Banking and Insurance Execs to Spend More for Anti-Money Laundering, Terrorist Financing Compliance
Oct 4 2006 // Banking and insurance executives overwhelmingly plan to spend more, especially on staff, to help strengthen their anti-money laundering (AML) and terrorist financing compliance programs, according to new research by the...
Treasury Report on Terrorism Insurance Says Backstop Negatively Affects Private Capacity
Oct 3 2006 // A new federal report has found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. The President’s Working Group on...
Industry to Congress: Permanent Solution to Terrorism Insurance Vital
Sep 27 2006 // Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, “Protecting Americans from Catastrophic...
Insurers Reject Notion of TRIA Renewal for Nuclear-Biological Terrorism Risk Only
Sep 26 2006 // A new federal government report concludes that a totally private market solution to insuring against certain terrorist attacks is unlikely in the near future. The report covers the risk of nuclear, biological, chemical or...
Agriculture industry starved for ways to reduce terrorism targets
Sep 25 2006 // The war against terrorism may be focused mostly in the Middle East, but people also should pay attention closer to home — especially to the U.S. agriculture industry, according to Dr. Jerry R. Gillespie, director of...
Agriculture industry starved for ways to reduce terrorism risk
Sep 25 2006 // The war against terrorism may be focused mostly in the Middle East, but people should also pay attention closer to home—especially to the U.S. agriculture industry, according to Dr. Jerry R. Gillespie, director of...
Agriculture industry starved for ways to reduce terrorism risk
Sep 25 2006 // The war against terrorism may be focused mostly in the Middle East, but people should also pay attention closer to home–especially to the U.S. agriculture industry, according to Dr. Jerry R. Gillespie, director of...
