Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
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...
Hiscox USA Launches Terrorism Insurance Coverage
Sep 14 2006 // Armonk, N.Y.-based Hiscox USA, the U.S. subsidiary of Hiscox plc, will begin providing terrorism insurance in the United States. “Hiscox has over 25 years of experience in terrorism insurance and we are a global...
Officials: Next Terrorist Attack on U.S Not Matter of If, But When
Sep 10 2006 // The threat of terrorism against the United States remains chillingly lethal five years after 9/11, and officials predict another massive attack is not a matter of if — but when. Despite a government overhaul and more...
Domestic Terrorism Threat on the Rise, Says FBI Chief
Sep 8 2006 // FBI Director Robert Mueller sees a rising threat from homegrown terrorists, but he cautions that foreign groups are far from vanquished and still consume more bureau resources. “We have certainly hundreds” of...
What’s Next in Terrorism Insurance Market…and Politics?
Sep 5 2006 // Terrorism insurance has become increasingly common and affordable five years after Sept. 11. But that market has only emerged with the federal government’s pledge to serve as an insurer of last resort — assistance...
Northeast leads in businesses buying property terrorism coverage
Sep 4 2006 // Nearly six in 10 large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2005, a dramatic increase from the 2003 average of 27 percent and up from 50 percent in 2004. A report from...
Congressional hearing held on terrorism and insurance
Aug 7 2006 // Agents, risk managers and insurers press Congress for long-term TRIA solution Two U.S. House subcommittees–the Committee on Financial Services, Subcommittee on Oversights and Investigation, and the Homeland Security...
Congressional hearing held on terrorism and insurance
Aug 7 2006 // News Currents Two U.S. House subcommittees-the Committee on Financial Services, Subcommittee on Oversights and Investigation, and the Homeland Security Subcommittee on Intelligence, Information Sharing, and Terrorism Risk...
Guy Carpenter Beefs Up London Trade Credit/Political Risk Team
Aug 1 2006 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, has beefed up its London-based Political Risk and Trade Credit practice with the addition of six...
Congressional Hearing Meets on ‘Terrorism and the Insurance Market’
Jul 25 2006 // Two U.S. House subcommittees — the Committee on Financial Services, Subcommittee on Oversights and Investigation, and the Homeland Security Subcommittee on Intelligence, Information Sharing, and Terrorism Risk...
STUDY QUESTIONS EFFECTIVENESS OF EFFORTS TO DETER TERRORISM
Jul 24 2006 // Government attempts to deter terrorism can backfire and promote invigorated reprisals and a cycle of violence, according to a new study by University of Maryland researchers. The study is based on a review of what the...
Ohio Schools Insure Against Terrorism, Sexual Misconduct
Jul 12 2006 // School insurance policies in Ohio that used to cover the basics, workers’ compensation for staff, liability insurance for jungle gym accidents, now also cover catastrophes such as terrorist attacks or school...
Study Questions Effectiveness of Efforts to Deter Terrorism
Jul 7 2006 // Government attempts to deter terrorism can backfire and promote invigorated reprisals and a cycle of violence, according to a new study by University of Maryland researchers. The study is based on a review of what the...
British Definition of Terrorism Termed Overly Broad
Jul 6 2006 // Britain’s legal definition of terrorism may be too broad and may have to be refined, according to a lawyer who is advising the government. Lord Carlile, a senior barrister, has been appointed by the Home Office to...
Willis Re Urges Broader Market Support For Political Risk Reinsurance
Jun 28 2006 // Global insurance broker Willis Group Holdings has released a new political risk pricing paper, which is aimed at encouraging the injection of capacity into the political risk reinsurance market. The study, entitled...
S&P Alters Approach to Gauging Insurers’ Terrorism Exposure
Jun 8 2006 // Standard & Poor’s Ratings Services said it is changing its process for evaluating the terrorism exposure of insurers and reinsurers. The updated process is partly a response to the increased insurance retentions...
Treasury Secretary Nominee Paulson Backed Terrorism Reinsurance Plan
Jun 8 2006 // The financier slated to be the country’s next Secretary of Treasury differs with his predecessor and the Bush Administration over the need for federal government involvement in providing terrorism reinsurance. At...
Aon Corp. Responds to U.S. Treasury’s Request for Comment on Future of Terrorism Act
May 31 2006 // Chicago-based Aon Corp. has responded to the U.S. Treasury’s request for comment on the state of the U.S. terrorism insurance marketplace, warning of the danger of allowing the Terrorism Risk Insurance Act of 2002...
Businesses Call for Federal Outreach on Long-Term Terrorism Solution
May 4 2006 // The business-backed Coalition to Insure Against Terrorism (CIAT) says it welcomes the recent request by the President’s Working Group on Financial Markets (PWG) for public comments on a long-term terrorism insurance...
U.S. Commercial Brokers Reiterate Call for Terrorism Backstop
Apr 25 2006 // The commercial insurance marketplace cannot effectively price and underwrite terrorism coverage because there still is no effective modeling, so any long-term solution to the terrorism risk coverage must involve the...
