Terrorism News

Editor’s Note: In agents’ hands

More members of Congress hail from backgrounds as state legislators than any other occupation. This means that the exposure of these former state-turned-federal lawmakers to insurance issues typically involved auto insurance, according to the powerful U.S. Rep. Barney Frank, D-Mass., …

Rep. Frank: 120-Day extension for TRIA possible

The key House leader on insurance issues says he will push for a 120-day extension of the federal terrorism reinsurance program that expires at year’s end rather than simply accept the Senate bill that is narrower in scope than the …

My New Markets

Monthly Pay Renters Insurance Nuts & Bolts: TCBTI LLC is offering a List Bill Monthly Pay Renters Insurance Program that allows coverage for all residents of an apartment complex on a list bill, monthly pay basis. No credit score underwriting …

TRIA extension must pass without NBCR provision

After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Congress responded in 2002 with a federal backstop — …

Editor’s Note: In agents’ hands

More members of Congress hail from backgrounds as state legislators than any other occupation. This means that the exposure of these former state-turned-federal lawmakers to insurance issues typically involved auto insurance, according to the powerful U.S. Rep. Barney Frank, D-Mass., …

U.S. needs TRIA extension without NBCR provision

After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Congress responded in 2002 with a federal backstop — …

My New Markets

Agents E&O Nuts & Bolts: Market Scout is offering a broad coverage form from three different “A” rated carriers. Each insurer has agreed to provide up to 25 percent discounts for agencies that have 40 percent of their professional staff …

Tropical Storm Noel Lashes Caribbean

Noel, a late season tropical storm, has caused extensive damage in the Dominican Republic and threatens greater havoc in Haiti. The two countries, who share the island of Hispaniola, have been hit with high winds and drenched by heavy rains. …

House Leader: 120-Day Extension for Federal Terrorism Insurance Possible

A key House leader says he will push for a 120-day extension of the federal terrorism reinsurance program that expires at year’s end rather than simply accept the Senate bill that is narrower in scope than the House bill. Rep. …

N.Y. City may be liable for 9/11 workers’ illnesses

New York City is not immune from liability in 8,000 cases accusing it and others of failing to properly protect workers cleaning up the World Trade Center site after the 2001 terrorist attacks, a federal appeals court panel suggested recently. …