Terrorism News

From Cuba to Capitol Hill

Not your typical agent: Big “I” President and Miami independent agent Alex Soto in a one-on-one interview Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not …

Why the United States must make TRIA permanent

It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential terrorist attacks. …

From Cuba to Capitol Hill

Not your typical agent: Big “I” President and Miami independent agent Alex Soto in a one-on-one interview Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not …

Willis Reports on Property Market

Global broker Willis, in its latest “Property Alert” indicates that the “the global capacity, pricing regimens, terms and conditions for both Cat Risks and non-Cat Risks in the global property insurance market are changing more rapidly than many would have …

CSFI Report Finds Regulatory Burdens Top List of Industry Concerns

“Too much regulation” tops the list of industry concerns according to a recent survey compiled by the Centre for the Study of Financial Innovation (CSFI) in association with PricewaterhouseCoopers LLP. The “Banana Skins” survey has analyzed the banking industry’s main …

Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance

Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau Insurance. Two-thirds (up from 58 percent …

Greenberg: TRIA Necessary But National Disaster Insurance Plan Isn’t

Exclusive Video Interview Greenberg Interview, Take 5: Product Innovation; TRIA; Cat Plan The nation needs the federal government to backup the private terrorism insurance market but does not need similar government involvement in insurance covering natural catastrophes, according to a …

Detailed Database of Global Terrorism Attacks Now Available Online

What researchers say is the world’s largest unclassified database of terrorism attacks is now available online for general use by researchers, policy-makers, media and the general public. The Global Terrorism Database was developed by START, the National Consortium for the …

SCOR Balks at World Trade Center Claims Settlement

Reinsurer SCOR has asked that the recent $2 billion settlement of World Trade Center claims between Silverstein Properties and several insurers be sent to arbitration because it believes that the terms with one of the insurers, Allianz Global Risks U.S. …

Let Ground Zero Rebuilding Begin: Spitzer Brokers Settlement with 7 Insurers

New York Governor Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding insurance claims arising from the Sept. 11 terrorist attack on …