Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
NAIC Adopts Terrorism Bulletin One Week Prior to San Diego Meeting
Nov 29 2002 // In an interim meeting this week, the National Association of Insurance Commissioners (NAIC) adopted a bulletin that outlines regulators’ expectations regarding filing of rates, policy form language and disclosure...
China Extends Airline Terrorism Coverage
Nov 26 2002 // The Chinese government announced on Monday that it was extending insurance coverage of war and terrorist risks for the country’s airlines for an additional month, until December 24, 2002. The coverage was first made...
Pres. Bush Signs Terrorism Risk Act into Law
Nov 26 2002 // President George W. Bush signed into law, H.R. 3210, the Terrorism Risk Insurance Act of 2002, Tuesday. “Since its introduction, the Terrorism Risk Insurance Act, has gone over a lot of tough hurdles. Had it not been...
CIAT Views Backstop to Increase Availability, Reduce Cost of Terrorism Risk Coverage
Nov 26 2002 // The Coalition to Insure Against Terrorism (CIAT) announced its support with Tuesday’s signing by President George W. Bush of the Terrorism Risk Protection Act of 2002. Spokesperson Martin DePoy, vice president for...
NAII Praising Senate for Including Risk-Sharing Mechanisms in Terrorism Reinsurance Bill
Nov 22 2002 // The Senate’s recent approval of H.R. 3210, the Terrorism Risk Insurance Act of 2002, puts the bill on the desk of President Bush, who is expected to sign the legislation Dec. 2. The new legislation creates a...
Fitch Says Terrorism Bill a Mix Blessing for U.S. Insurers
Nov 22 2002 // Fitch Ratings commented that while the passage of a much anticipated terrorism insurance bill is overall a favorable development for the U.S. economy, and benefits the insurance industry, the passage of the bill will...
AAI Lauds Senate Approval of Terrorism Legislation
Nov 20 2002 // Alliance of American Insurers President Rodger Lawson, is praising Tuesday’s Senate passage of the Terrorism Risk Protection Act Conference Report, HR 3210, as “another important step on the road to insurance...
Aon Unveils Two New Workers Comp Models for Earthquakes and Terrorism + James Bond
Nov 18 2002 // Aon Corp.’s subsidiary, Aon Re Inc., has unveiled two timely new models for workers’ compensation catastrophes. One covers all significant U.S. earthquake regions, and the second analyzes terrorism exposures...
IIABA Commends House Approval of Terrorism Insurance Legislation
Nov 15 2002 // The Independent Insurance Agents & Brokers of America (IIABA) commends House leaders for working cooperatively to pass terrorism insurance legislation yesterday, and urges the Senate to immediately follow suit and...
Airlines Look to Provide Their Own War and Terrorist Coverage
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Federal Terrorism Backstop a Good Public/Private Fit
Nov 11 2002 // Benjamin Franklin wore many hats: statesman, inventor, publisher—even firefighter. In fact, it was his experience fighting fires that made him realize the need to pool financial resources to protect properties and found...
Airlines Look to Provide Their Own War and Terrorist Coverage
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Federal Terrorism Backstop a Good Public/Private Fit
Nov 11 2002 // Benjamin Franklin wore many hats: statesman, inventor, publisher—even firefighter. In fact, it was his experience fighting fires that made him realize the need to pool financial resources to protect properties and found...
Serio to Form N.Y. State Commission on Terrorism Insurance
Nov 4 2002 // New York State Superintendent of Insurance Gregory Serio announced plans to create a state commission to address insurance capacity issues affected by Sept. 11 and potential terrorist attacks during a speech at the...
Report German Gov’t. Seeks Two Month Extension for Airline Terrorist Coverage
Oct 29 2002 // Germany’s newly reelected government has reportedly asked the European Commission (EC) for permission to extend emergency terrorist risk coverage to the country’s airlines until the end of the year. The EC...
Sears Tower Lessor Faces Problem of Terrorist Threat
Oct 29 2002 // Trizec Properties, Inc., which currently manages leasing at Chicago’s Sears Tower, and is scheduled to take over control of the 110-story building next January, is reportedly having second thoughts about the deal due...
Terrorism Deal for Real’
Oct 28 2002 // By the time this issue of Insurance Journal lands on your desk, federal lawmakers probably won’t have passed legislation that would provide a backstop for terrorism insurance. But they are very close. It’s...
Terrorism Deal for Real’
Oct 28 2002 // By the time this issue of Insurance Journal lands on your desk, federal lawmakers probably won’t have passed legislation that would provide a backstop for terrorism insurance. But they are very close. It’s...
S&P’s: Federal Terrorism Coverage a Concern for Insurer Ratings
Oct 22 2002 // The introduction of federal terrorism coverage could tempt some insurers into taking on exposure irresponsibly and have the perverse effect of casting doubt on ratings, according to a Standard & Poor’s...
IIABA Applauds Agreement on Terrorism Insurance
Oct 18 2002 // The Independent Insurance Agents & Brokers of America (IIABA) is praising President George W. Bush’s leadership and commending Congressional leaders for uniting to reach an agreement on pending terrorism...
