Boston Marathon bombing News

A Look Back at Boston Marathon Bombing Insurance Claims

Ten years ago, on April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston Marathon. The devices detonated within seconds of each other, killing three people, injuring more than 260 others, and causing property …

Police Say No Known Threats to Boston Marathon on 10th Anniversary of Bombing

There are no known threats to this year’s Boston Marathon, but on the 10-year anniversary of the terrorist attack that killed three spectators, federal, state and city law enforcement leaders said Thursday that they are prepared for anything. “At this …

Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT

The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence that insurance has absorbed …

Boston Bombing Lesson: Risk Managers Urge Better ‘Terror Act’ Certification

Citing uncertainty following the Boston Marathon bombing almost two years ago, risk managers are urging the federal government to set a deadline for certifying if an event is an act of terrorism and also use insurers’ figures for estimating losses …

Treasury Hasn’t Determined Boston Bombing Was ‘Act of Terrorism’ Under TRIA

A U.S. Treasury Department spokesperson last week provided a statement to Boston news outlets that said “The Secretary has not determined that there has been an ‘act of terrorism’ under the Terrorism Risk Insurance Act” for the April 15, 2013, …

Mass. Regulator on Boston Bombing Claims, TRIA Reauthorization Effort

Massachusetts Division of Insurance’s last data call showed that the vast majority of insurance claims stemming from the Boston marathon bombing tragedy have been resolved. The data also revealed that among the 160 commercial property and business interruption claims made …

Businesses, Insurers Tangle Over Boston Marathon Loss Payouts

Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as the anniversary of the bombings approaches. The state’s largest property …

NY Post Loses Bid to Throw Out Boston Marathon Bombing Defamation Suit

The New York Post lost its bid to throw out a defamation lawsuit by two men whose photo and the headline “BAG MEN” appeared on the tabloid’s front page last year during the manhunt for the Boston Marathon bombers. Suffolk …

NYC Marathon Balances Security Worries Post-Boston

The New York City Marathon’s finish area will again fill with spectators, some carrying bags. More bomb-sniffing dogs also will be roaming around. Less than seven months after the attack on the Boston Marathon, runners and fans will pack the …

Proposed Massachusetts License Plate to Aid Bomb Victims

State lawmakers are considering whether to allow motorists to buy a “Boston Strong” license plate with proceeds helping victims of the April 15 marathon bombing. The Legislature’s transportation committee is scheduled to hear the bill Tuesday. The proposed Massachusetts license …