Terrorism News

Mid-Atlantic States Form Regional Hazard Response Consortium

A number of Mid-Atlantic states are forming what they are calling the All Hazards Consortium to increase preparedness by enabling emergency management participants to share strategies and integrate planning. The AHC, a not-for-profit organization, emerged from last year’s All Hazards …

Oxley “Totally Committed” to TRIA Reauthorization

Although Congressional attention has been diverted by fallout from Hurricanes Katrina and Rita, key members of the House are “totally committed” to the reauthorization of the Terrorism Risk Insurance Act (TRIA), and will probably move on reauthorization before the end …

Editor’s Note: A Silver Lining?

The terrorist attacks of Sept. 11, 2001, the tsunami of December 2004, Katrina, Rita, the October 2005 earthquake in Pakistan/India. What can we make of all these man-made and natural catastrophes? They are bigger than insurance; they are bigger than …

Hurricane Katrina to Cost $40-$55 Billion for Privately Insured Losses

Hurricane Katrina is expected to result in $40 to $55 billion in private insurance payments, according to a new white paper developed by the Tillinghast and Reinsurance businesses of Towers Perrin. “Hurricane Katrina: Analysis of the Impact on the Insurance …

News Briefs

Katrina Churns in $34.4B in Losses: Hurricane Katrina is expected to cost U.S. property/casualty insurers an estimated $34.4 billion in insured property losses, making it the costliest U.S. catastrophe ever, according to preliminary estimates by ISO’s Property Claim Services unit. …

Gubernatorial Hopefuls in New York: Spitzer vs. Weld

Part 2: Spitzer Stresses Enforcement as Key to Fair Competition New York Attorney General Eliot Spitzer has made a name for himself exposing fraudulent and anti-competitive business practices in the securities, mutual fund and insurance industries. Now he is running …

Storm Fallout and Fall Colors

Once again, numbers released this month show that it’s great to be living in the Midwest. The National Association of Insurance Commissioner’s (NAIC) most recent study of average auto premiums for 2003 once again puts most Midwestern states well below …

Hurricane Katrina to Cost $40-$55 Billion for Privately Insured Losses

Hurricane Katrina is expected to result in $40 to $55 billion in private insurance payments, according to a new white paper developed by the Tillinghast and Reinsurance businesses of Towers Perrin. “Hurricane Katrina: Analysis of the Impact on the Insurance …

National Newsbriefs

Katrina Churns in $34.4B in Losses: Hurricane Katrina is expected to cost U.S. property/casualty insurers an estimated $34.4 billion in insured property losses, making it the costliest U.S. catastrophe ever, according to preliminary estimates by ISO’s Property Claim Services unit. …

A Silver Lining?

The terrorist attacks of Sept. 11, 2001, the tsunami of December 2004, Katrina, Rita, the October 2005 earthquake in Pakistan/India. What can we make of all these man-made and natural catastrophes? They are bigger than insurance; they are bigger than …