Terrorism News

Number of Volunteer Firefighters Falling in Texas

Membership among volunteer firefighters in Texas has dropped to levels predating a surge brought on by the Sept. 11 terrorist attacks seven years ago, a state official says. Many found firefighting less glamorous than they thought it would be or …

Lister Joins AXIS Capital Board

Bermuda-based AXIS Capital Holdings Limited announced that Cheryl-Ann Lister has been appointed to its Board as an independent director. She will serve as a Class II Director and as a member of the Audit Committee of the Board. Lister currently …

Industry Honors Sen. Collins of Maine

The National Association of Mutual Insurance Companies (NAMIC) named Sen. Susan M. Collins, R-Maine, as its Federal Legislator of the Year. In presenting Collins with the award, Chuck Chamness, NAMIC’s president/CEO, pointed to Collins’ efforts to extend the government’s terrorism …

U.S. Looks to Former Allstate CEO Liddy to Run AIG

The U.S. government is betting former Allstate chief Edward M. Liddy is the safest pair of hands to oversee the dismantling of American International Group Inc. and prevent further unraveling of the world’s stressed financial system. Liddy, 62, was the …

U.S. Sees Insurance Clampdown on Iran Over Nuclear Program

The United States is discussing with allies how insurance firms can more rigidly apply sanctions on Iran to step up pressure over its disputed nuclear program, a senior U.S. Treasury official said on Tuesday. Stuart Levey, Treasury undersecretary for terrorism …

Insurance Trade Group Honors U.S. Sen. Collins of Maine

The National Association of Mutual Insurance Companies (NAMIC) named Sen. Susan M. Collins, R-Maine, as its Federal Legislator of the Year. “Senator Collins has a great understanding and appreciation of the property/casualty insurance industry, which she gained while serving as …

Former New York Regulator Pietroluongo Joins Cambridge Group

A longtime veteran of the New York State Department of Insurance, Louis “Lou” Pietroluongo, has been tapped as vice president of Business Relations for The Cambridge Group headed by Barry Goldwater, Jr., president. During his service with the New York …

Reinsurers Seeking Sidecars to Ride Out Next Big Storm

As Hurricane Ike takes aim at the Gulf of Mexico, triggering memories of 2005’s devastating storms, reinsurers see temporary underwriting vehicles as the solution to their capital needs in the event of “the Big One” — a disaster costing them …

LIU Launches Global Crisis Risk Management Initiative

Liberty International Underwriters (LIU), part of Liberty Mutual Group, has launched a global crisis risk management initiative that introduces new products such as kidnap, ransom and extortion; contaminated products; and product recall. LIU’s new products, along with the trade credit, …

Manhattan College Disaster Center to Open in 9/11 Firefighter’s Name

A center that studies emergency responses to disasters like the Sept. 11 attacks and Hurricane Katrina is opening at a Manhattan college. The Christian Regenhard Center for Emergency Response Studies is named after a 28-year-old firefighter killed at the World …