Terrorism News

Obama’s Grabs Florida’s Fugate to Head FEMA

Florida emergency manager Craig Fugate would bring a lot with him if he takes over the Federal Emergency Management Agency: plenty of hurricane experience, a blunt style, and a belief that preparation begins on the local level. Former Gov. Jeb …

Sports Terrorism, ‘Names,’ Tongues and Mergers

Are professional sports the next terrorist targets? The terrorist attack on Sri Lanka’s cricket team in Lahore (Pakistan) “highlights the vulnerability of sporting events to terrorist disruption,” warned Dr. Gordon Woo, terrorism risk expert at Risk Management Solutions (www.rms.com). “A …

AIG Weighs Selling Pine Street Headquarters Building in Manhattan

American International Group Inc., being kept afloat by a $180 billion government bailout, may sell its downtown Manhattan headquarters. “AIG is evaluating the potential sale of its headquarters building at 70 Pine Street and the 72 Wall Street building,” said …

Texas Lawmakers Try to Undo Drivers License Identification Rules

Some Democratic lawmakers joined by Texas residents who have had trouble getting drivers’ licenses under new Department of Public Safety rules are pushing for legislation that would undo a policy they say harms U.S. citizens and legal immigrants. Rep. Ruth …

Obama’s FEMA Director Brings Hurricane Experience from Florida

Florida emergency manager Craig Fugate would bring a lot with him if he takes over the Federal Emergency Management Agency: plenty of hurricane experience, a blunt style, and a belief that preparation begins on the local level. Former Gov. Jeb …

Chubb Finds Disputes over Who Pays Ransoms Put Crew Members at Risk

A bulletin from the Chubb Corp. notes that “as pirates increasingly target cargo vessels in the Gulf of Aden, owners are struggling to pay escalating ransom demands—putting their crews at risk, an insurance executive told nearly 100 Korean ship owners …

New York City, Port Authority Agree on Crane Safety Measures

New York City and the Port Authority of New York and New Jersey have reached an agreement to improve crane safety in the wake of deadly accidents last year. Both agencies said last Friday that any crane or derrick on …

RMS Warns Cricket Team Attack Shows Vulnerability of Sports Events

“The terrorist attack on the Sri Lanka cricket team in Lahore [Pakistan] highlights the vulnerability of sporting events to terrorist disruption,” warned Dr. Gordon Woo, terrorism risk expert at Risk Management Solutions. “A characteristic of terrorist behavior is learning from …

Best Says 2009 Global Non-Life Reinsurance Outlook Remains Stable

A.M. Best Co. said it is “maintaining a stable outlook in 2009 for the global reinsurance sector for the third consecutive year. This current outlook implies that the majority of 2009 reinsurer rating actions are likely to be affirmations with …

Oregon Home Insurance Costs Below National Average

At an average cost of $502 per year, home insurance in Oregon is among the least costly in the nation, according to a nationwide survey. For example, the average homeowner’s premium was $1,257 in Louisiana and $603 in neighboring Washington. …