Terrorism News

Calif. workers’ comp earthquake losses could exceed $150 million annually

California workers’ compensation insurers will need $180 million annually to pay for workers’ compensation losses induced by earthquakes, according to a recently released study by the Workers’ Compensation Insurance Rating Bureau of California. The report, which was conducted by risk …

The tale of two states

For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated the insurance public policy debate on both the state and federal levels. …

Industry supports terror bill but not all agree with NBCR mandate

At a congressional hearing in Washington, D.C. last month, insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …

Calif. workers’ comp earthquake losses could exceed $150 million annually

California workers’ compensation insurers will need $180 million annually to pay for workers’ compensation losses induced by earthquakes, according to a recently released study by the Workers’ Compensation Insurance Rating Bureau of California. The report, which was conducted by risk …

Industry supports terror bill but not all agree with NBCR mandate

At a congressional hearing in Washington, D.C. last month, insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …

Steam Explosion Causes Scare in NYC; Not Believed to Be Terrorism

New York City fire and emergency crews responded to the scene of a suspected steam explosion near Grand Central Station in Manhattan on Wednesday during the evening rush hour, officials said. The New York Police Department said a steam pipe …

Federal Anti-Terror Funds to Connecticut Increase

Connecticut will get $23 million in federal homeland security grants this year, an increase of about $10 million from a year ago largely because of new funding for police, fire and medical emergency radios, officials said Wednesday. The new funding …

Ailing 9/11 Workers Sue WTC Insurance Fund for Sick Pay

Ailing ground zero workers went to court Tuesday to demand that the company overseeing a $1 billion (euro730 million) Sept. 11 insurance fund uses it to pay for their health care. Attorneys for the workers argue that federal officials meant …

I.I.S. Conference Highlights Prospects/Pitfalls in a Changing World

No European City has changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German government and city officials …

FBI Data Mining Targets Include Insurance Fraud Suspects

The FBI is gathering and sorting information about Americans to help search for potential terrorists, insurance cheats and crooked pharmacists, according to a government report. Records about identity thefts, real estate transactions, motor vehicle accidents and complaints about Internet drug …