Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Regulators Hear Industry’s Cautions on Mixing Terrorism Risk and Natural Disasters in CAT Plan
May 8 2002 // A National Association of Insurance Commissioners (NAIC) committee wanting to add terrorism risk to an existing plan for catastrophe reserving has agreed to slow down after the National Association of Mutual Insurance...
IIC Award-Winner Warns: Terrorism Cover No Panacea, U.S. Regulation Out of Step
May 3 2002 // New York—The insurance business needs help in the form of terrorism coverage, but it’s no panacea, warns Robert V. Mendelsohn, the American Chief Executive of London-based Royal & Sun Alliance Insurance...
Lloyd’s Riley Urges Passage of Terrorist Insurance Bill
May 2 2002 // Following recent meetings with policy makers in Washington D.C., Lloyd’s Chairman Sax Riley issued a statement urging U.S. lawmakers to pass the stalled terrorist coverage bill. “Lloyd’s was one of the...
Terrorism
Apr 29 2002 // Nuts & Bolts: ACE USA is offering a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and Canadian...
Chubb Opens Zone Office in Melbourne for Asia/Pacific Political Risk
Apr 26 2002 // The Chubb Group announced that it has opened a new office in Melbourne, Australia, “to further support the growing demand for political risk insurance in the Asia/Pacific region.” The office is the third...
Terrorism Insurance and Home Security
Apr 15 2002 // The issue of whether or not the government should be in the business of providing terrorism insurance is a confusing one. Congress clearly has a problem with it. Although the House passed its version of a bill that would...
The Illusion of Protection: Terrorism, War and Workers’ Compensation
Apr 15 2002 // The impact of the terrorist attacks of September 11th on the property/casualty insurance industry can hardly be overstated—the largest catastrophe loss ever; an unprecedented convergence of coverages, creating a...
Mike Oxley Says “Vibes” Are Good for Terrorism Backup
Apr 12 2002 // WASHINGTON, D.C.—The chairman of the powerful House Financial Services Committee said here April 11 that he likes the chances for eventual passage of a federal government backup for terrorism insurance. Rep. Mike...
ACE USA to Offer Specialized Coverage for U.S., Canada to Insure Against Terrorism Risk
Apr 12 2002 // ACE USA announced that it would provide a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and...
IIAA, AAI Study Backs up Terrorism Insurance’s Impact on Economy
Apr 11 2002 // A recent survey of nearly 1,000 independent agents and brokers conducted by the Independent Insurance Agents of America (IIAA) and the Alliance of American Insurers (AAI) confirms the problems the insurance industry is...
BOMA International President Joins Call for Terrorism Insurance Legislation
Apr 11 2002 // BOMA International President Sherwood Johnston, III, who met earlier this week with President George W. Bush and other business leaders to discuss the federal government’s role in addressing the unavailability of...
President’s Message on Terrorism Insurance on Target; AAI Urges Senate to Act
Apr 10 2002 // President Bush’s strong stance on the need for federal terrorism insurance legislation April 8 has won the praise of the Alliance of American Insurers. The President told a White House audience, that included...
Six Leading Insurers To Set Up Joint European Venture to Cover Terrorist Risks
Apr 5 2002 // Six of the world’s largest insurance companies announced that they intend to establish a joint venture in Luxembourg, named Special Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), to provide “limited...
White House Continues Talk on Terrorism
Apr 5 2002 // The White House will again makes its case to get Congress to tackle problems created by a shortage of terrorism insurance since the 9/11 attacks, according to The Washington Post. President Bush is slated to meet with...
New Report Addresses Challenge of Modeling Terrorism Risk
Mar 26 2002 // To address the insurance industry’s growing need to model the risk of terrorism, Guy Carpenter & Company, Inc., has published a research paper entitled “Advanced Techniques for Modeling Terrorism...
Terrorism
Mar 25 2002 // Nuts & Bolts: First Premium Insurance Group of Covington, La., is offering a terrorism policy. Available by appointment only. Dollars: Policy limits to $5 million. Carrier: THB/Lloyd’s, rated “A.”...
Terrorism Policy
Mar 25 2002 // Nuts & Bolts: First Premium Insurance Group Inc. is offering a program for terrorism policies. Dollars: Policy limits of $5,000,000. Carrier: THB/Lloyd’s. Rated “A.” Nonadmitted. States Available:...
Zurich Concludes Political Risk Agreement with Israeli Export Agency
Mar 19 2002 // Zurich North America’s Zurich Emerging Markets Solutions (ZEMS) group has concluded a political risk insurance cooperation agreement with IFTRIC, the Israeli government-owned export credit agency to provide political...
AAI Calls for Terrorism Bill on Anniversary of
Mar 13 2002 // Speaking on the six-month anniversary of the Sept. 11 terrorist attacks Monday, the Alliance of American Insurers’ president called for renewed congressional focus on stabilizing the economy by passing terrorism...
Counter-Terrorism Specialist to Speak At Blue Ribbon Conference
Mar 11 2002 // A retired Navy Seal, who now is a top consultant in counter-terrorism security and a best-selling author, is one of an array of experts set to address executives of insurance brokers, independent agencies and insurers...
