Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Arthur J. Gallagher Taps JLT’s Boyle & Ollerenshaw for Credit & Political Risks Team
Nov 4 2016 // Arthur J. Gallagher has appointed industry stalwarts Rupert Boyle and Nick Ollerenshaw as executive directors, aiming to deepen its specialist capabilities in credit and political risks insurance. They report to Mark...
Talbot Underwriting Launches $50M Consortium to Cover NBCR Terrorism
Nov 4 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. The facility will...
AIG Increases Property Terrorism Capacity to $1B
Oct 26 2016 // American International Group, Inc. (AIG) has raised its property terrorism insurance limits globally to $1 billion. The larger capacity is available to clients on a stand-alone basis or as expanded limits within...
Take1 Insurance Launches Terrorism, Crisis Coverage for Special Events
Oct 17 2016 // Take1 Insurance has introduced Take1 Combined Crisis Cover insurance protection for the live and special event industry. The coverage provides immediate coverage of up to $1 million annually in the event of, or threat of,...
Using Big Data to Predict Terrorist Acts Amid Privacy Concerns
Oct 13 2016 // Before Ahmad Khan Rahami planted bombs in New York and New Jersey, he bought bomb-making materials on eBay, linked to jihad-related videos from his public social-media account and was looked into by law enforcement agents,...
LIU Launches War and Terrorism Coverage for U.S. Businesses
Oct 13 2016 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched stand-alone war and terrorism coverage to protect U.S. businesses at home and their assets abroad. In 2014, the cost of global...
International Forum of Terrorism Risk Re/Insurance Pools Launched
Oct 10 2016 // Pool Re, the state-backed UK reinsurer that covers terrorism related commercial property losses, announced the launch of the International Forum of Terrorism Risk Re/Insurance Pools (IFTRIP). The formation of IFTRIP is the...
Facebook Claims ‘Zero Tolerance’ for Terrorist Activity
Sep 28 2016 // Lawyers for Facebook Inc. on Tuesday sought to assure a U.S. judge overseeing lawsuits by victims of militant attacks in the Middle East that it took a “zero tolerance” approach to any communications that may...
Judge Claims Facebook Not Taking Terrorism Threat Seriously
Sep 23 2016 // A federal judge slammed Facebook Inc., saying the social media giant might not be doing enough to deter terrorists from using its platform. U.S. District Judge Nicholas Garaufis in Brooklyn, New York, also accused...
New York Businesses Advised to Check Insurance in Wake of Chelsea Terrorism Bombing
Sep 20 2016 // New York Governor Andrew Cuomo has identified the incident where a bomb went off from inside a dumpster in New York’s Chelsea neighborhood, injuring 29 people, as an act of terrorism. “I said yesterday I...
Lockton Launches Corporate Terrorism Product with London Markets
Sep 20 2016 // Insurance broker Lockton, in conjunction with London Market insurers Hiscox, Beazley, Talbot and XL Catlin, have launched a new product – Terrorism Crisis Solutions (TCS) – designed to offer corporate clients a...
AIR Worldwide Expands Global Terrorism Risk Model
Sep 19 2016 // Catastrophe risk modeler AIR Worldwide has expanded the capabilities of its terrorism risk model to support scenario testing for the United States and 27 other countries to help companies assess the impact of different...
XL Catlin Names Chow as Senior U/W, Political Risk & Trade Credit, Asia Pacific
Aug 25 2016 // XL Catlin’s insurance operations announced the appointment of Bonnie Chow as senior underwriter, Political Risk and Trade Credit insurance for Asia Pacific. She will be based in Sydney. Chow has over 20 years’...
Neon Appoints McPhee to Newly Created Role of Head of Political Violence
Aug 17 2016 // Neon has appointed Gregg McPhee to the newly created role of head of Political Violence. McPhee will join Neon on Oct. 1 2016 and will lead Neon’s existing political violence team, reporting to Darren Lednor, chief...
Court Absolves Twitter of Liability for Terrorists’ Tweets
Aug 15 2016 // Twitter Inc. won a court ruling that it can’t be held responsible for the so-called Islamic State’s use of the social network to spread propaganda that may have led to the death of an American in Amman,...
Talbot Forms $115M Political Risk Insurance Binder for U.S. Clients
Aug 10 2016 // Talbot Underwriting Services Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. has launched political risk insurance binding authority from its New York office, underwritten 100 percent by various underwriters at...
Planning for the Worst: Terrorism and Workplace Violence
Aug 8 2016 // Several recent manmade events, including the attack at Pulse nightclub in Florida and the Belgium airport terrorist bombing, highlight the vulnerability of the workplace. Workplace violence costs employers more than $120...
Beazley Expands Event Cancellation Coverage for Political Violence, Terrorism Incidents
Jul 28 2016 // Beazley, a provider of event cancellation insurance, has expanded its terrorism and political violence event cancellation insurance for the sports, entertainment and leisure industries in the U.S. to include riots, civil...
FBI Warns of More Terrorist Attacks in U.S. as ISIS Is Defeated in Syria
Jul 28 2016 // Hundreds of terrorists will fan out to infiltrate western Europe and the U.S. to carry out attacks on a wider scale as Islamic State is defeated in Syria, FBI Director James Comey warned. “At some point there’s...
Changing Political Risk Landscape: Religious Extremists, Cyberterrorism Cause Concerns
Jul 25 2016 // In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof...
