Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Industry Reports Progress on Terrorism Risk Modeling But Challenges Remain
Apr 5 2007 // Sophisticated catastrophe models are greatly aiding commercial insurance actuaries in establishing underwriting and pricing guidelines for terrorist attacks, according to industry experts at this week’s Casualty...
N.Y. City, other U.S. centers need federal terrorism insurance to compete globally, says Supt. Dinallo
Mar 12 2007 // A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar...
Industry gears up for more federal terrorism insurance debates
Mar 12 2007 // Advocates say the coverage still vital to national security and a long-term solution is needed Insurance industry advocates urged Congress yet again to continue with a federal government role in terrorism risk insurance...
N.Y. City, other U.S. centers need federal terrorism insurance to compete globally, says Supt. Dinallo
Mar 12 2007 // News Currents A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by...
Industry gears up for more federal terrorism insurance debates
Mar 12 2007 // News Currents Insurance industry advocates urged Congress yet again to continue with a federal government role in terrorism risk insurance and to examine long-term solutions before the current backstop legislation, the...
New AIG Unit Formed to Help Manage Terrorism Exposure and Risks
Mar 7 2007 // The AIG Companies announced the formation of AIG Homeland Security Solutions. The new specialty unit will provide access to insurance, risk management and security products and services to help companies work to prevent,...
D.C. Chief Hampton Backs Terrorism Insurance, But Not National Cat Plan
Mar 6 2007 // Renewal of the federal Terrorism Risk Insurance Extension Act is “very, very important” for the District of Columbia, yet a federal government plan to help cover natural disasters would be unfair, in the eyes...
In Manhattan: Agents, Insurers Renew Call for Federal Terrorism Insurance
Mar 5 2007 // In the heart of the world’s financial markets, insurance agents and companies today urged Congress to protect the country’s economic stability by ensuring availability of terrorism risk insurance through a...
U.S. Needs Terrorism Insurance to Compete Globally, Says N.Y.’s Dinallo
Mar 5 2007 // A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar...
Regulators Urge Senate to Move Quickly on Insuring Terrorism Risks
Mar 1 2007 // Speaking on behalf of the National Association of Insurance Commissioners (NAIC), Michael McRaith, director of the Illinois Division of Insurance, testified this week before the Senate Committee on Banking, Housing, and...
Industry: Federal Terrorism Insurance Still Vital to National Security
Feb 28 2007 // Insurance industry advocates urged Congress today to ensure the availability of terrorism risk insurance through a continued federal government role and to examine long-term solutions before the current backstop...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 12 2007 // Now is no time to ease up on loss prevention, warns risk expert. The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
Lexington Increases Terrorism Capacity to $250 Million
Feb 6 2007 // Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has increased its capacity of commercial domestic property terrorism insurance to $250 million from $100 million. “Lexington...
City Disaster Teams Share Lessons from Terrorist Attacks
Feb 5 2007 // Government and American Red Cross disaster experts from New York, London and Madrid — three cities hit by terrorist attacks in recent years — met last week in New York for a two-day conference to share experiences and...
ACE Europe Global Markets Study Highlights Political Risk Concerns
Feb 1 2007 // According to a new report the Economist Intelligence Unit (EIU), sponsored by ACE, “nearly 30 percent of senior executives and risk professionals surveyed said their companies had been forced to cancel existing...
AAIS Files Terrorism Loss Costs in Commercial Properties
Jan 19 2007 // The American Association of Insurance Services (AAIS) is introducing loss costs for pricing terrorism coverage in its Commercial Properties Program. A countrywide manual supplement filing, now underway, will substitute the...
Report: U.S. Rails with Hazardous Materials Vulnerable to Terrorists
Jan 18 2007 // Train lines that carry hazardous shipments have little or no police presence and shoddy security that makes them easy targets for terrorists, according to a newspaper investigation. During a several-month, nationwide...
P/C Execs Expect Terrorism Insurance Renewal, Win in Katrina Suits
Jan 11 2007 // Leaders of the property/casualty insurance industry expect Congress to extend the Terrorism Risk and Insurance Act in 2007, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 11th annual...
