Terrorism News

S.C. becomes 5th state to oppose federal driver’s license program

South Carolina has joined Maine, New Hampshire and other states as it formally rejected a federal mandate that sets new national driver’s license standards. Gov. Mark Sanford signed a bill into law that says the state will not participate in …

People

Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, is leaving the company. Bolger will remain with Aon until the search for his successor is completed, a company spokesman told Insurance …

Declarations

Racketeering “They willfully caused victims of Hurricane Katrina extreme emotional and financial distress in their calculated strategy to falsify and conceal evidence, intimidate anyone who got in their way, and used their privileged position to pressure policyholders into accepting pitiful …

House bill renews federal terrorism reinsurance for 10 years

Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney Frank — have introduced HR 2761, the Terrorism …

Declarations

WTC fireproofing “One thing it does point out … is the absolute essential nature of fireproofing steel structures. This is something that wasn’t done originally in the World Trade Center when it was built. It wasn’t code at that time.” …

Builder’s risk: difficult but manageable

The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, at least in catastrophe prone regions. But outside of coastal areas and California earthquake issues builder’s risk …

Failed UK Terror Attacks Raise Threat Level to Maximum

So far London has averted two potentially lethal terrorist car bombings and Glasgow’s International airport barely missed being the site of a third. The spate of terror attacks, which to some extent had been expected, led newly installed Prime Minister …

House bill renews federal terrorism reinsurance for 10 years

Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney Frank — have introduced HR 2761, the Terrorism …

Questions Linger After S.C. Fire That Took 9 Firefighters’ Lives

There is a border here between life and death. On one side are the bouquets and wreaths of fading flowers; balloons and ribbons and small American flags where the living remember nine fallen Charleston, South Carolina firefighters. Beyond the memorials …

Builder’s risk: difficult but manageable

New capacity enters the market, but terms and conditions not easy for many The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, at least in catastrophe …