Terrorism News

Business Interruption Tops List of Risks Facing Global Organizations: Survey

Business interruption, property damage and general liability are the top three risks faced by businesses, non-governmental organizations and governmental agencies operating outside the U.S., according to the Summer/Fall edition of “Clements Worldwide Risk Index.” In fact, business interruption and property …

XL Catlin Updates Active Assailant Cover to Include Use of Road Vehicles in Attack

XL Catlin announced it has updated the wording of its “Active Assailant” coverage to include the use of road vehicles in an attack. Stephen Ashwell, XL Catlin’s chief underwriting officer for Crisis Management, said: “The tragic events that took place …

Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports

The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the London market, both A.M. …

France in Mourning After Latest Deadly Terror Attack Kills at Least 84

Eight months after a murderous rampage in Paris, a deadly attack in the coastal city of Nice on Bastille Day left at least 84 people dead and scores injured, threatening to throw a still-traumatized France into a tailspin and raising …

London Market’s Electronic Placing Platform Binds 1st Standalone Terrorism Risk

London Market Group (LMG) announce that the first standalone terrorism risk was bound on PPL – the London Market’s electronic placing platform – within the first hour of trading yesterday morning. The broker was Marsh and the underwriter was Chaucer. …

Terrorist Attack at Istanbul Airport Kills at Least 40; Islamic State Blamed

Coordinated suicide attacks at Istanbul’s international airport killed at least 40 people, tearing through the terminal at one of the busiest travel times of the year as Turkey struggles to contain the spillover from Syria’s civil war. Islamic State is …

Google, Facebook, Twitter Sued by Father of Victim of Paris Terrorist Attack

The father of a young woman killed in the Paris massacre last November is suing Google, Facebook and Twitter, claiming that the companies provided “material support” to extremists in violation of the law. Reynaldo Gonzalez, whose daughter Nohemi was among …

Europe Terrorist Attacks in 2015 ‘Most Lethal’ in Nearly a Decade: Aon Risk Map

As terrorists increasingly target private citizens and public gatherings, last year marked the most lethal year for terrorist violence in Europe in nearly a decade, according to Aon Risk Solutions’ 2016 Terrorism and Political Violence Map. As a result of these …

Islamic Militants Could Target Nuclear Industry, Security Experts Warn

Meter-thick concrete walls and 1950s-style analog control rooms help protect nuclear plants from bomb attacks and computer hackers, but Islamist militants are turning their attention to the atomic industry’s weak spots, security experts say. Concerns about nuclear terrorism rose after Belgian …

Marketform Committed to All Current Underwriting Lines After Strategic Review

Specialist Lloyd’s underwriter Marketform has confirmed its commitment to all its current underwriting lines after completing a strategic review. These remaining lines are: accident & health, travel; bloodstock & livestock; cargo; financial lines; marine & energy liability; marine hull & …