Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
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...
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...
AAI Says It Is Pleased with Third Interim Guidance on Terrorism Insurance
Jan 24 2003 // The Alliance of American Insurers (AAI) reports it is pleased with the U.S. Treasury Department’s third set of guidelines to help insurers comply with the Federal Terrorism Risk Insurance Act of 2002. Issued Jan. 22,...
AIA Conference Explores Challenges of Terrorism Ins. Law
Jan 23 2003 // Top government officials, along with insurance industry experts and leaders, kicked off an American Insurance Association (AIA) conference this week focused on the recently enacted Terrorism Risk Insurance Act of...
WCIRB Releases Summary of Terrorism Loss Cost Estimates for 11 States & D.C.
Jan 23 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) has prepared and released a summary of loss cost estimates for 11 states and the District of Columbia that were published by the NCCI based on the...
Fredrik Murer Named as Zurich’s Senior Political Risk Underwriter in London
Jan 22 2003 // Zurich North America and Zurich London Limited, two of the main operating companies of the Swiss-based Zurich Financial Services Group (ZFS) announced that Fredrik Murer has joined the Zurich Emerging Markets group as a...
