Even though the U.S. has a team – The Eagles – in the finals of the Rugby World Cup, the event doesn’t exactly get the same press coverage as the Super Bowl or the World Series. Nonetheless for the 20 …
The House of Representative approved by a vote 312-110 H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007 (TRIREA), legislation that extends and revises the federal terrorism insurance backstop for 15 years. The current federal terrorism insurance …
Insurance industry lobbyists are confident there is enough backing in Congress for renewal of the federal terrorism reinsurance program and enough support to override a threatened presidential veto if necessary. The current reinsurance program expires at the end of the …
The Bush Administration believes that the federal backup for terrorism reinsurance should be phased out in favor of a private market for terrorism insurance and “strongly opposes efforts to expand the federal government’s role in terrorism reinsurance,” the White House …
San Francisco Bay Area leaders have announced plans to develop a system that will allow the region’s public agencies to communicate with each other when an earthquake or other major disaster strikes. Oakland Mayor Ron Dellums, San Francisco Mayor Gavin …
South Carolina kicked off a new advertising campaign asking residents to be prepared in case a hurricane or other disaster strikes. The state plans to run ads for its “Be Ready! South Carolina” program on TV and radio stations as …
In the event of disaster, Americans have chosen a 1980’s TV show character, “MacGyver” to have by their side. That was one result in a survey released this week in which participants were given a choice among seven fictional heroes …
Six years after September 11, 2001, the threat of terrorist attack remains a source of tremendous uncertainty for the United States economy, with potentially negative consequences for both business interests and employment, according to the Insurance Information Institute (I.I.I.). “Besides …
Two senators want to ban Mexican trucks from U.S. roads, saying not enough has been done to make sure they are safe. Sens. Byron Dorgan, D-N.D., and Arlen Specter, R-Pa., want to strip funding for a program launched last week …
Lloyd’s held its fifth “Annual City Dinner” on Wednesday night, Sept. 5. A cross section of business and government leaders in attendance heard from Lloyd’s Chairman Lord Levene and the Secretary General of NATO Jaap de Hoop Scheffer. In his …
