Boston Marathon insurance News

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 …

Boston Marathon Attacks Convinced Smaller, Midsized Firms to Buy Terror Insurance

For landlord Peter Zagorianakos, terrorism insurance wasn’t a necessity until the bombs went off last April at the Boston Marathon and revealed a frightening pattern. Two buildings he owns stand within a half-mile (0.8 kilometer) of the race’s finish line …

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 …

Insurance to Cover Vehicles Damaged in Shootout With Boston Bombing Suspects

Watertown, Mass., police say the town’s insurance company has agreed to cover the cost of replacing three department vehicles peppered with bullet holes and damaged beyond repair by explosions during the shootout with the Boston Marathon bombing suspects. Chief Edward …