Terrorism News

Immune System Cancer Found in Young 9/11 Officers

Researchers say a small number of young law enforcement officers who participated in the World Trade Center rescue and cleanup operation after the Sept. 11, 2001 terror attacks have developed an immune system cancer. The numbers are tiny, and experts …

2nd ‘Stanford’ Suit Targets Willis; Terrorist Bombs Kill 9 in Indonesia; Insurance Fraud on the Rise in UK; Lloyd’s ‘Fli

Willis has been named in a second lawsuit stemming from its relation with indicted financier Allen Stanford. A Venezuelan investor, Reinaldo Ranni, filed a class action in U.S. federal court in Miami on July 17, accusing Willis of fraud, negligence, …

Marsh Issues Business Risk, Insurance Advice for Overseas Travelers

In the wake of the fatal bombings in Indonesia, PMarsh has issued a reminder to companies with employees who travel overseas of the need to have robust travel policies and emergency procedures in place to deal with crisis situations. Marsh …

Report on Fatal South Carolina Sofa Store Fire Due in Fall

A federal study of a blaze that killed nine firefighters in a South Carolina city two years ago is expected to released by early fall. The National Institute of Standards and Technology is studying the June 2007 blaze which gutted …

Marsh Finds UK Firms lacking Knowledge of Overseas Risks

New research by Marsh has determined that “British organizations are more concerned during the recession by overseas risks affecting their supply chains and business rather than by threats closer to home.” In its new Business Continuity Management (BCM) survey, “Facing …

‘God Bless America’: Red Sox Fan Settles Lawsuit with Yankees

A baseball fan has settled a lawsuit that claimed he was kicked out of Yankee Stadium by a police officer because he left his seat to use the bathroom during the playing of “God Bless America.” Boston Red Sox fan …

New York May Check Insurance Firms’ Compliance with Global Money Rules

New York State Insurance Department licensees should protect their businesses by ensuring that they comply with federal requirements designed to prevent such practices as money laundering and other illegal international transactions, Insurance Superintendent Eric Dinallo has warned. “Complying with federal …

Commissioner Directs California Insurers To Divest Iranian Government Holdings

California Insurance Commissioner Steve Poizner announced that he will launch an effort to probe insurance company investments for ties to Iran and immediately direct California-based insurance companies to divest any direct holdings in the Iranian government. “State law prohibits California …

AIG to Sell 2 Manhattan Buildings for $150 Million

American International Group Inc. agreed to sell two downtown Manhattan buildings, including its headquarters, for a total of $150 million, a source familiar with the matter said. The two buildings, which are located at 70 Pine Street and 72 Wall …

Ratings Recap: Continental Re, Best Meridian, Al Fajer, Caisse Centrale Re

A.M. Best Co. has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Nigeria’s Continental Reinsurance Plc, both with stable outlooks. “The ratings reflect Continental Re’s insufficient although improving risk management and insufficient security …