Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Terrorists Have Shifted from Attacking Airlines to Mass Transit: Study
Mar 2 2015 // Successful terrorists have shifted their focus in recent years away from attacking airlines to attacking subway and rail systems, according to an analysis of terrorist attacks over a 30-year period from 1982 to 2011 by a...
China’s Draft Counter-Terrorism Law Alarms Foreign Technology Firms
Feb 27 2015 // China is weighing a far-reaching counter-terrorism law that would require technology firms to hand over encryption keys and install security “backdoors,” a potential escalation of what some firms view as the...
New Analysis Reveals Political Risk Exposures around the World: Willis
Jan 29 2015 // Willis Group Holdings has published a new analysis from Oxford Analytica in the form of the “VAPOR Political Risk Model,” which, it said, “helps companies assess the financial exposure to a suite of...
Characteristics of ‘Charlie Hebdo’ Attack Thwarted Counter-Terrorism Efforts: RMS
Jan 26 2015 // A number of unique characteristics of the January 7 terrorist attack against satirical French magazine “Charlie Hebdo” allowed terrorists to succeed despite counter-terrorism efforts, according to a new report...
Paris Terror Attacks Not Unexpected; Demand for Political Risk Cover Is Up
Jan 14 2015 // Terrorism, security and political risk experts from Willis provided some broad observations about last week’s terror attacks in Paris and how insurance buyers are responding. “The tragic events in Paris are a...
Businesses Push for Terrorism Insurance Vote When Congress Returns
Dec 24 2014 // Lobbyists for insurers, real estate financiers and businesses launched into action last week to urge quick renewal of a terrorism insurance program in 2015 after U.S. lawmakers left it to expire at the end of this...
USI Insurance Services Launches Terrorism Insurance Underwritten by Lloyd’s
Dec 24 2014 // USI Insurance Services has launched a new terrorism insurance product to address the expiring Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which ends Dec. 31. Unlike TRIPRA however, USI’s Terrorism...
Senate Fails to Renew Terrorism Insurance
Dec 17 2014 // A U.S. program that backstops insurance companies’ losses from acts of terrorism is set to end after the Senate didn’t extend it. Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart...
Terrorism Insurance Bill Tagged with Community Bank Provision
Dec 16 2014 // When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve’s board to have community...
Senate Expected to Follow House, Approve Terrorism Insurance Renewal
Dec 15 2014 // Supporters of renewing the federal terrorism reinsurance program are optimistic that the Senate will follow the House and approve it, however the exact day and time of the Senate vote this week remains unclear. In addition...
Senator Criticizes ‘Unclean’ Terrorism Insurance Bill Passed by House
Dec 12 2014 // Democratic U.S. Senator Charles Schumer on Thursday called for the U.S. House of Representatives to extend a federal terrorism insurance program by passing a “clean” bill with no controversial extra...
House Releases Terrorism Insurance Bill But Senate Uncertain
Dec 9 2014 // House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law. The measure will be brought to...
Congress Weighs Adding Terrorism Insurance to Spending Plan
Dec 9 2014 // Congressional negotiators plan today to release a bipartisan U.S. government spending proposal, just days before current funding ends, after resolving disputes over Republican policy proposals. The House and Senate intend...
Congress Said Close to Deal to Renew Terrorism Insurance
Dec 4 2014 // Lawmakers are close to extending a federal program that covers a portion of corporations’ losses from acts of terrorism, according to three congressional aides. House Financial Services Committee Chairman Jeb...
XL’s New Standalone Terrorism Policy Addresses TRIPRA Gaps
Dec 3 2014 // XL Group’s U.S. Crisis Management business has introduced a new standalone terrorism insurance policy intended to help U.S. businesses address potential gaps in coverage provided by the Terrorism Risk Insurance...
No Ratings Impact from UK’s Counter-Terrorism/Security Bill: A.M. Best
Dec 1 2014 // A bulletin from A.M. Best indicates that it “does not expect rated insurers to be impacted by the amendments to the UK’s Counter-Terrorism and Security Bill, making it illegal for insurers to reimburse ransom...
UK Insurers Already Banned from Paying Ransoms to Terrorist Organizations
Nov 25 2014 // The UK Government’s proposal to ban the payment of ransoms by insurers to terrorist organizations, which will be officially presented to Parliament tomorrow, is in fact already inscribed in law, not only by the UK,...
UK Anti-Terrorism Proposal Would Clarify Insurance Law on Ransom Payments
Nov 24 2014 // The U.K. government will introduce anti-terrorism legislation this week requiring internet companies to provide user data to authorities. The bill, to be published on Nov. 26 and fast-tracked through Parliament so it...
How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO
Nov 21 2014 // Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in catastrophe risk...
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new...
