Terrorism News

Hiscox Increases U.S. Terrorism Insurance Capacity to $200 Million

Hiscox has increased capacity to $200 million for U.S. domiciled terrorism risks. The additional capacity addresses the increased demand for standalone terrorism coverage caused by the upcoming expiration of the U.S. government terrorism insurance backstop offered by the Terrorism Risk …

XL Group Assembles Crisis Management Team in U.S.

XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the new team has underwriters …

Ironshore International Launches Terrorist Coverage for High-Profile Events

Ironshore International has launched an insurance product that responds to the heightened risk exposure associated with high-profile events.  The new product, “SecurEvent,” is a single broad form policy that offers a suite of coverage protection, including broad form contingency, general …

Terrorism & Political Violence Map: Aon Risk Solutions

The continued threat of a terrorist attack or political violence worldwide persists and is not going away anytime soon. Despite 19 countries showing improved terrorism and political violence ratings, according to Aon’s 2013 Terrorism and Political Violence Map, 44 percent …

State Intelligence Report Highlights Threats to Texas

While organized crime is seen as the most significant public safety threat in Texas, drunk driving, natural disasters, terrorism, industrial accidents and cyber security also are among the major threats that keep lawmakers up at night. The Department of Public …

Kansas Ranked At Bottom For Health, Disaster Prep

A national survey ranks Kansas at the bottom among states in being prepared for public health emergencies, terrorism incidents and natural disasters. But state officials took issue Wednesday with the latest, annual “Ready or Not?” report from the nonpartisan Trust …

Cooper Gay Launches Terrorism & Political Risk Crisis Management Service

London-based Cooper Gay & Co. announced that the independent insurance and reinsurance intermediary is “offering a free crisis management and business continuity consultation to its Terrorism & Political Risks policy holders on a worldwide basis. “The service is being made …

Cancelling London Olympics Would Cost over $4.9 Billion: Munich Re

Cancelling the London Olympics due, for example, to a security threat would result in damages of more than €4 billion ($4.9 billion), Andrew Duxbury, underwriting manager at Munich Re, told a German newspaper. “This was the sum of the insurable …

UK Terrorism Reinsurer Pool Re Has over $7 Billion for Olympic Games Coverage

Pool Re, the state-backed British reinsurer that covers terror attack-related commercial property losses, has £4.5 billion ($7.327 billion) of assets to cover the Olympic Games and is not jacking up premiums for the event. Bombings or other incidents costing more …

Civil Unrest Leads Aon to Downgrade 37 Countries on Political Risk Map

Aon Risk Solutions, the global risk management business of Aon plc, has just issued its latest political risk map, which gauges the level of risk for international business in more than 200 countries. Aon said “37 countries were downgraded in …