The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It issued these updated requirements in light of disasters that may …
A federal prosecutor on Monday said the government won’t introduce at trial a lengthy statement from a man charged with setting off bombs in New York and New Jersey in order to keep to a scheduled trial date in March. …
New York Governor Andrew Cuomo has identified the incident where a bomb went off from inside a dumpster in New York’s Chelsea neighborhood, injuring 29 people, as an act of terrorism. “I said yesterday I believed it was an act …
Islamic State and other militants are very likely to attempt big new attacks in Europe following those in Paris, the EU’s police agency said on Monday, echoing previous warnings by senior security officials. The assessment was based on discussions concluded …
What it means for a European nation and member of NATO to declare war against a stateless band of terrorists is an interesting and important question, made urgent by Islamic State’s brutal attack on Paris last Friday. As Europe and …
In the wake of Friday’s massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York’s Twin Towers. In 2014, acts of terror cost the world $52.9 billion …
The French economy has history on its side. From the attacks of September 11 to those on Spain in March 2004 and London in July 2005, industrial economies have proven more resilient to terrorism than first feared, according to those …
UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential Regulation Authority (PRA) published the exercises last week …
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 …
The streets of Boston’s financial district, usually bustling with activity, were nearly empty on Friday as staff worked from home during a virtual lockdown of the city while police hunted a suspect wanted in Monday’s bombings. Boston is a major …
