Terrorism News

People and Places

Ernie Csiszar, the Romania-born former South Carolina regulator who two years ago was named president and chief executive officer of the then newly-formed Property Casualty Insurers Association of America, resigned from PCI effective Sept. 30. Csiszar indicated that he plans …

8 Pa. court rebuffs Republicans on

liability award law Law will not be reinstated as they hoped 8 Bad buying habits in N.H. Audit blasts state insurance purchasing and risk management 10 Oh, deer it’s that season One insurer is bucking trend of deer collisions 10 …

To make insurance appealing to college grads, smash the myths

One of the most serious problems facing the insurance industry today is the acute shortage of bright, college-educated young people entering the profession. Walk around any college campus and you’ll find that the brightest and best of our graduates are …

To make insurance appealing to college grads, smash the myths

One of the most serious problems facing the insurance industry today is the acute shortage of bright, college-educated young people entering the profession. Walk around any college campus and you’ll find that the brightest and best of our graduates are …

Banking and Insurance Execs to Spend More for Anti-Money Laundering, Terrorist Financing Compliance

Banking and insurance executives overwhelmingly plan to spend more, especially on staff, to help strengthen their anti-money laundering (AML) and terrorist financing compliance programs, according to new research by the audit, tax and advisory firm KPMG LLP. Competition for experienced …

Treasury Report on Terrorism Insurance Says Backstop Negatively Affects Private Capacity

A new federal report has found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. The President’s Working Group on Financial Markets Terrorism Insurance report says that …

AIG to Refund $14 Million in Florida Settlement

Under a consent order issued by Florida Insurance Commissioner Kevin McCarty, AIG Insurance Company will be required to refund or credit approximately $13.6 million in workers’ compensation, and approximately $100,000.00 in non-workers’ compensation lines, plus interest, to policyholders in the …

Industry to Congress: Permanent Solution to Terrorism Insurance Vital

Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, “Protecting Americans from Catastrophic Terrorism Risk,” held jointly by the House Committee on Financial Services Subcommittee …

Insurers Reject Notion of TRIA Renewal for Nuclear-Biological Terrorism Risk Only

A new federal government report concludes that a totally private market solution to insuring against certain terrorist attacks is unlikely in the near future. The report covers the risk of nuclear, biological, chemical or radiological (NBCR) attacks only and does …

A year past Katrina: What has been learned?

Peak hurricane season has arrived. Despite this season’s slow start, people who live along the coast are constantly aware that the next big storm could take shape at any time. This year, however, all of us are also looking back …