Terrorism News

Lloyd’s Analyzes Southeast Asia Terrorism Threat

Lloyd’s has warned that businesses operating in Southeast Asia “need to better understand that the Asian terrorism threat is unique, complex and specific to the region.” Lloyd’s and the International Institute for Strategic Studies (IISS) released the report – Terrorism …

States Make Progress But Still Unprepared for Pandemic, Says U.S.

In the first report of its kind, U.S. health officials said the nation’s states and cities made a strong effort to prepare for a flu pandemic, bioterrorism or other emergency health crises, but big challenges remain. “I think in terms …

OSHA Fines Contractors $464K for Safety Hazards in WTC Tower Fire

The federal government fined two contractors hired to dismantle a condemned ground zero skyscraper $464,500 on Tuesday for more than 40 safety hazards at the building, where two firefighters died in a fire last summer. The U.S. Department of Labor’s …

Lloyd’s Poll Finds Financial Instability is Main 2008 Risk

According to a recently conducted survey of 138 underwriters, Lloyd’s found that the instability of global financial markets is the single factor that will have the most impact on the insurance industry during 2008. Lloyd’s annual underwriters survey asked the …

‘Managing the Cycle’ Remains #1 Priority Lloyd’s Survey Finds

Lloyd’s has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle remains the most important issue for the industry in 2008 with 93 percent of underwriters believing the industry is currently in a softening stage of …

Marsh Report on Europe Transport Highlights Regulatory, Liability Concerns

A new report from Marsh’s London office focuses on the increasing problems of transport and logistics firms across Europe in coping with new categories of liability and an increasingly complex regulatory landscape. “Liability Insurance Buyers Report Europe 2007”, analyzes “the …

State Officials Not Sold on New License Rules Under Real ID Act of 2005

States have five more years to verify identity, reissue licenses; even so some states continue to refuse compliance State officials and some in Congress remain skeptical about new federal rules for driver’s licenses, even after major changes designed to cut …

NAS Offers Regulatory Business Shutdown Coverage

NAS Insurance Services introduced a new regulatory business shutdown expense insurance that provides businesses with extra expense protection if they are shutdown by a regulatory agency such as a health or police department. The coverage, which is available nationwide, includes …

Ohio Insurance Director Issues Terrorism Risk Insurance Act Bulletin

Ohio Department of Insurance Director Mary Jo Hudson earlier this month issued a bulletin concerning the recent extension of the Terrorism Risk Insurance Act (TRIA), as enacted by Congress and signed by the President. The bulletin advises Ohio insurers of …

The Pressure’s On

Washington State’s Kreidler believes now’s the time for the industry to face climate change Washington State Insurance Commissioner Mike Kreidler has proven adept at balancing the many demands placed upon state regulators, perhaps due in part to his background in …