Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
NAII Comments on Terrorism Risk Ins Act Interim Final Rule
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...
AAIS Files Conditional Endorsements for Terrorism Coverage on Rental Dwellings
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...
Wash. State Workers’ Comp to Include Acts of Terrorism
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...
CIAB Study Says Many Commercial Interests Not Buying Terrorism Coverage
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,...
NYSID Limits Fully-earned Premium on Terrorism Coverage
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...
Insurity Offers Terrorism Coverage Support; Enhancement to Commercial Intellisys(R) Policy Administration System
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...
WCIRB Releases Anticipated EQECAT Terrorism Study
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...
Calif. WCIRB Anticipates Results of Terrorism Study
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...
First Set of Proposed Regs on Terrorism Insurance to Provide Insurers with More Certainty
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...
New Online Course Addresses Terrorism Backstop Mandates
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...
Business Disruption/Bio-Terrorism
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...
N.Y. Dept., ISO Finalize Terrorism Loss Costs
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...
Terrorism Risk Insurance Program: A Progress Report
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...
Terrorism Risk Insurance Program: A Progress Report
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...
Tool Helps Insurers Identify, Quantify Terrorism Risks
Feb 5 2003 // Insurers looking to identify and price terrorism exposures have a new tool available from decision-data expert Oxxford Information Technology, Ltd. Oxxford’s Vulnerability Index (www.risk-mkt-data.com), as the...
Alliance Urges NY Legislators to Delay Action on Implementing Terrorist Risk Act
Feb 3 2003 // The Alliance of American Insurers urged New York legislators to “resist the temptation” to implement state-specific legislative or regulatory measures involving the federal Terrorism Risk Insurance Act (TRIA)...
PIANY President Points to Producers Role in Implementing Federal Terrorism Risk Act
Feb 3 2003 // David Isenberg, president of the Professional Insurance Agents of New York State Inc., also testified at hearings considering the implementation of the federal Terrorism Risk Insurance Act of 2002, telling the Assembly...
Big Turnout at PIANY’s MetroRAP 2003; Keynoter Warren Heck Addresses Terrorist Coverage Concerns
Jan 28 2003 // The recent Professional Insurance Agents of New York’s Metropolitan Regional Awareness Program (MetroRAP) broke previous attendance records. Nearly 500 agents, company representatives, exhibitors and other New York...
New AIR Estimation Model Helps Insurers Price Terrorism Risk
Jan 27 2003 // In an effort to help property/casualty carriers racing to price and offer terrorism coverage after the passage of the Terrorism Risk Insurance Act, AIR Worldwide Corporation has introduced a new estimation model, the...
CDI Approves Terrorism Risk Insurance Act Endorsement
Jan 27 2003 // On Jan. 14, 2003, the WCIRB advised its members that several forms had been filed with the California Department of Insurance (CDI) related to the Terrorism Risk Insurance Act which became effective on Nov. 26, 2002. The...
