Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
AIA: House Hearing on Port Safety Offers Rationale for Extension of Federal Terrorism Insurance Backstop
Mar 15 2005 // The American Insurance Association (AIA) expressed hope that a Capitol Hill hearing Tuesday focused on U.S. port security will provide federal policymakers with insights about the urgent need to extend the nation’s...
NCOIL Task Force on Terrorism Backs TRIA’s Reinstatement
Mar 4 2005 // With the Terrorism Risk Insurance Act expiring at the end of this year, the National Conference of Insurance Legislators Task Force on Terrorism agreed during meetings in Hilton Head, S.C. to resurrect a resolution...
In Front of Congress, Greenspan Questions Ability of Private Market Alone to Insure Against Terrorism
Feb 17 2005 // Federal Reserve Chairman Alan Greenspan on Thursday told Members of Congress he has yet to be convinced the private market alone can adequately insure against the continuing threat of terrorism. In an appearance before the...
S&P: Without Terrorism Coverage, Big Changes Loom
Feb 3 2005 // Congress has yet to renew the government program that reinsures losses in the insurance industry from foreign terrorist attacks, and the possibility that this program might expire at the end of 2005 is already prompting...
PCS to Provide CAT Designations, Loss Estimates for Terrorist Acts and Outsized Workers’ Comp Events
Jan 14 2005 // ISO’s Property Claim Services (PCS) unit has expanded its services to include loss estimates for potential catastrophic terrorism losses. PCS this week announced it will assign catastrophe serial numbers to potential...
Aon: More than Half of Companies Studied Decide to ‘Take Up’ Some Kind of Terrorism Insurance
Dec 15 2004 // With the “new reality” created by the terrorist acts of Sept. 11, 2001, companies throughout the globe faced a new set of issues in managing the broad spectrum of risks created by these events. In a study...
OPIC Approves $250 Million Political Risk Policy for Israeli Pipeline; Credits Aspen Institute
Dec 9 2004 // The board of directors of the Overseas Private Investment Corporation (OPIC) announced the approval of $250 million in political risk insurance for the construction of a 65-mile pipeline that will serve as the centerpiece...
Terrorism Insurance
Dec 6 2004 // Nuts & Bolts: The AIG Companies launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and...
Big “I” Panelists Concerned About Terrorism, Asbestos, Tort Reform
Dec 6 2004 // Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company chief executives participating in a panel discussion during last month’s Independent Insurance Agents &...
Terrorism Insurance
Dec 6 2004 // Nuts & Bolts: The AIG Companies launched LexHomeland Protector, a comprehensive terrorism insurance portfolio to help protect businesses against terrorism risks, including losses from biological and chemical attacks....
Terrorism Insurance
Dec 6 2004 // Nuts & Bolts: The AIG Companies launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and...
Okla. Approves NCCI Values for Terrorism, Catastrophes
Nov 22 2004 // Oklahoma’s State Board for Property and Casualty Rates announced its approval of NCCI’s Item B-1393—Miscellaneous Values for Domestic Terrorism, Earthquakes, and Catastrophic Industrial Accidents. The purpose...
Big ‘I’ Panelists Concerned About Terrorism, Asbestos, Tort Reform
Nov 8 2004 // Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company CEOs participating in a panel discussion during last month’s Independent Insurance Agents & Brokers of...
AIG’s Terrorism Protection Portfolio Includes Biological and Chemical Attack Coverage
Nov 5 2004 // The AIG Companies have launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and chemical...
Montpelier Re, OPIC Offer Terrorism Cover Abroad
Oct 12 2004 // Bermuda-based Montpelier Re Holdings Ltd. (NYSE – MRH) announced that its wholly owned operating subsidiaries, Montpelier Reinsurance Ltd. and Montpelier Agency Ltd., have entered into agreements with the Overseas...
Big ‘I’ Concerns: Insurance CEOs Cite Terrorism, Asbestos, Tort Reform
Oct 10 2004 // Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company chief executive officers participating in a panel discussion during the Oct. 9 to 12 Convention held by the Independent...
PIA National Unveils Grassroots Action to Ensure Passage of Terrorism Insurance Extension
Oct 8 2004 // The National Association of Professional Insurance agents (PIA) has launched a nationwide grassroots action campaign to urge Congress to pass a two-year extension of the Terrorism Risk Insurance Act of 2002. The grassroots...
Big ‘I’ Praises Approval of Terrorism Insurance Backstop Bill by Financial Services Committee
Sep 29 2004 // The Independent Insurance Agents & Brokers of America (the Big “I”) is hailing House Financial Services Committee passage of H.R. 4634, the Terrorism Risk Insurance Backstop Extension Act. The Association...
RMS Unveils Global Terrorism Risk Model
Sep 23 2004 // Responding to increases in the frequency and severity of global terrorist activity in each of the past three years, Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe...
AIR Releases 2004 U.S. Storm, Terrorism Models
Sep 20 2004 // AIR Worldwide Corp. announced the release of its 2004 U.S. hurricane, earthquake, severe thunderstorm and terrorism models. The updated models reflect the latest scientific and engineering research into these perils, as...
