Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Cost of Business Interruption Claims from Terrorist Attacks May Take Months to Determine September
Sep 24 2001 // The large number of businesses affected by the terrorist attacks combined with the length of time it will take to repair the damages means that it may take several months before an accurate estimate on business...
True Loss from Sept. 11 Terrorist Attacks on U.S. is Immeasurable, As Estimates of Potential Insured
Sep 24 2001 // “The World Trade Center is a living symbol of man’s dedication to world peace, his belief in cooperation of men and, through cooperation, his ability to find greatness.” —Minoru Yamasaki (1912-1987),...
U.S.- EU To Help Airlines Cover War, Terrorist Risks
Sep 24 2001 // The governments of the U.S., the U.K. and the European Union rode to the rescue of the airline industry over the weekend when they announced separate decisions to help carriers cope with increases in premiums covering war...
Chubb Estimates $500-$600 Million in Losses from Terrorist Attacks
Sep 21 2001 // Warren, N.J.-based Chubb Corp. announced that it anticipated losses from the terrorist attacks of September would amount to between $500 and $600 million pre-tax, net of reinsurance. The figures, which include the...
Kemper Estimates Net Losses from Sept. 11 Terrorist Attacks to be $60M-$80M
Sep 21 2001 // The Kemper Insurance Companies announced that it expects its pre-tax losses from the Tuesday, Sept. 11 terrorist attack to be $60 million to $80 million, net of reinsurance arrangements. David B. Mathis, Kemper chairman...
Harleysville, NYMAGIC Estimate Terrorist Attack Losses – Chubb , Fitch Opinions
Sep 20 2001 // Pennsylvania-based Harleysville Group Inc. and New York’s NYMAGIC, INC. indicated that they anticipated minimal exposure following last Tuesday’s terrorist attacks, while officials of Chubb and Fitch gave...
London Market To Cancel Airlines’ War, Terrorist Risk Cover – Big Increases Anticipated
Sep 20 2001 // According to a report from Reuters News Agency, insurers in the London market, including Lloyd’s, have given the airlines they insure notice that coverage for war risks and terrorist attacks will no longer be...
The Hartford Estimates Losses from Terrorist Attack Could Approach $450M
Sep 20 2001 // The Hartford Financial Services Group Inc. announced that expected losses from the Sept. 11 terrorist attack could approach $450 million after taxes and net of reinsurance, reflecting the company’s best current...
Liberty Mutual Group Expects $200M-$300M Loss from Terrorist Attacks
Sep 20 2001 // Liberty Mutual Group announced it expects net after-tax loss for the company’s U.S. and global operations will be in the range of $200 to $300 million from the Sept. 11 terrorist attacks. The company is prepared to...
Liberty Mutual, Hartford Confirm Estimates of Terrorist Attack Losses
Sep 19 2001 // Two of New England’s largest insurers, Boston’s Liberty Mutual, and The Hartford confirmed pervious announcements concerning their potential loss exposures from the terrorist attacks on the World Trade Center...
Bermuda Reinsurers Preliminary Loss Estimates from Terrorist Attacks
Sep 17 2001 // A number of Bermuda-based insurers have extended their condolences to the families of victims of the terror attacks on the World Trade Center and the Pentagon. Bermuda’s two largest insurers, ACE and XL, made...
AIG Issues Preliminary Estimate of Losses Resulting from Terrorist Attacks By Charles E. Boyle Sep
Sep 17 2001 // By Charles E. Boyle The events of Sept. 11 shook the foundations of the American financial community, and industry giant American International Group is one of many shaken by the tragedies. AIG has issued a preliminary...
Odyssey Re Reports Preliminary Estimate of Exposure From Terrorist Attacks
Sep 17 2001 // Based on information received to date, Odyssey Re Holdings Corp. expects pre-tax net losses will be in the range of $80 million; after tax losses will be in the range of $55 million. Considerable time will be required...
ACE Ltd. Evaluates Exposure in the Wake of Terrorist Attacks
Sep 17 2001 // As ACE Limited examined its levels of insurance and reinsurance exposure, the Company joined the world community in condemning Sept. 11’s acts of terrorism in the U.S. Brian Duperreault, chairman and CEO of ACE...
Midway Airlines Ceases Operations Following Terrorist Attacks
Sep 17 2001 // Midway Airlines announced that effective immediately it has suspended all future flight operations. This action is being taken at this time in order to preserve the value available for Midway’s interest holders and...
Terrorist Attack Paralyzes Economy; Insurers Face Largest Catastrophe Ever
Sep 17 2001 // The coordinated terrorist attacks in New York’s lower Manhattan and Washington, D.C., last week targeted indisputable symbols of American prestige and military power: the World Trade Center and the Pentagon. The...
Terrorist Attack Likely to Have Modest Impact on Property Insurers, Weiss Says
Sep 14 2001 // Although Tuesday’s terrorist attack on the World Trade Center building is a terribly tragic event, the impact on the property insurance industry is likely to be modest, according to a preliminary analysis by Weiss...
Collection at Conference & Expo 2001 for Victims of Terrorist Attack
Sep 14 2001 // In light of the horrendous tragedy in New York, the American Agents Alliance will be taking a collection at Conference & Expo 2001 to benefit victims and their loved ones. This collection will be taken on Sunday,...
The Hartford Is Ready to Assist Customers Affected by Terrorist Attacks
Sep 13 2001 // The Hartford Financial Services Group announced that it has a catastrophe team in place at its Shelton, Conn., claim center, ready to move closer to New York when possible. Additionally, the company has claim adjusters...
A Stunned World Reacts to Terrorist Attacks
Sep 12 2001 // No words will ever be able to fully convey the shock and the stunned incredulity around the world as yesterday’s terrorist attacks unfolded on television screens across the globe. Live coverage on French television...
