Terrorism News

In Manhattan: Agents, Insurers Renew Call for Federal Terrorism Insurance

In the heart of the world’s financial markets, insurance agents and companies today urged Congress to protect the country’s economic stability by ensuring availability of terrorism risk insurance through a continued federal role. The Independent Insurance Agents & Brokers of …

U.S. Needs Terrorism Insurance to Compete Globally, Says N.Y.’s Dinallo

A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York Acting Superintendent …

Regulators Urge Senate to Move Quickly on Insuring Terrorism Risks

Speaking on behalf of the National Association of Insurance Commissioners (NAIC), Michael McRaith, director of the Illinois Division of Insurance, testified this week before the Senate Committee on Banking, Housing, and Urban Affairs on the need for a federal government/private …

Mass. Workers’ Comp Insurers File for 13.4% Rate Drop

The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB) today submitted to the state Division of Insurance a proposed average rate decrease of 13.4 percent for workers’ compensation insurance effective September 1, 2007. If the WCRIB’s filing is approved, …

Safer Schools Seminar Coming to Tenn. on March 7

Indiana Insurance, a member of Liberty Mutual Group, will host its second of four free, day-long Safer Schools Seminars on March 7 at Middle Tennessee State University in Murfreesboro, Tennessee. School violence and sexual abuse are pressing concerns for school …

Industry: Federal Terrorism Insurance Still Vital to National Security

Insurance industry advocates urged Congress today to ensure the availability of terrorism risk insurance through a continued federal government role and to examine long-term solutions before the current backstop legislation, the Terrorism Risk Insurance Extension Act (TRIEA) of 2005, expires …

Marsh CEO Opens National Oil Company Conference with a Warning

Brian Storms, Chairman and CEO of Marsh Inc, speaking at the opening of the Marsh National Oil Company conference in Dubai, told delegates: “The world’s desire for environmentally-friendly energy sources appears to be rising faster than global temperatures. This is …

The Commissioners: Thomas Hampton

D.C. growing its captive market, escaping worst of property pullbacks Thomas Hampton, commissioner of the District of Columbia Department of Securities, Insurance and Banking. Hampton, who was reappointed to his post by Mayor Adrian M. Fenty in January, discusses the …

A look behind the very good P/C results for 2006

The numbers, or estimates, for the property casualty insurance industry for 2006 are in. Dr Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance Journal’s Andrew Simpson at III’s Joint Property Casualty Insurance Conference …

A look behind the very good P/C results for 2006

The numbers, or estimates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance Journal’s Andrew Simpson at I.I.I.’s Joint Property Casualty Insurance …