Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Liberty Mutual Group Expects $200M-$300M Loss from Terrorist Attacks
Sep 20 2001 // Liberty Mutual Group announced it expects net after-tax loss for the company’s U.S. and global operations will be in the range of $200 to $300 million from the Sept. 11 terrorist attacks. The company is prepared to...
Liberty Mutual, Hartford Confirm Estimates of Terrorist Attack Losses
Sep 19 2001 // Two of New England’s largest insurers, Boston’s Liberty Mutual, and The Hartford confirmed pervious announcements concerning their potential loss exposures from the terrorist attacks on the World Trade Center...
Bermuda Reinsurers Preliminary Loss Estimates from Terrorist Attacks
Sep 17 2001 // A number of Bermuda-based insurers have extended their condolences to the families of victims of the terror attacks on the World Trade Center and the Pentagon. Bermuda’s two largest insurers, ACE and XL, made...
AIG Issues Preliminary Estimate of Losses Resulting from Terrorist Attacks By Charles E. Boyle Sep
Sep 17 2001 // By Charles E. Boyle The events of Sept. 11 shook the foundations of the American financial community, and industry giant American International Group is one of many shaken by the tragedies. AIG has issued a preliminary...
Odyssey Re Reports Preliminary Estimate of Exposure From Terrorist Attacks
Sep 17 2001 // Based on information received to date, Odyssey Re Holdings Corp. expects pre-tax net losses will be in the range of $80 million; after tax losses will be in the range of $55 million. Considerable time will be required...
ACE Ltd. Evaluates Exposure in the Wake of Terrorist Attacks
Sep 17 2001 // As ACE Limited examined its levels of insurance and reinsurance exposure, the Company joined the world community in condemning Sept. 11’s acts of terrorism in the U.S. Brian Duperreault, chairman and CEO of ACE...
Midway Airlines Ceases Operations Following Terrorist Attacks
Sep 17 2001 // Midway Airlines announced that effective immediately it has suspended all future flight operations. This action is being taken at this time in order to preserve the value available for Midway’s interest holders and...
Terrorist Attack Paralyzes Economy; Insurers Face Largest Catastrophe Ever
Sep 17 2001 // The coordinated terrorist attacks in New York’s lower Manhattan and Washington, D.C., last week targeted indisputable symbols of American prestige and military power: the World Trade Center and the Pentagon. The...
Terrorist Attack Likely to Have Modest Impact on Property Insurers, Weiss Says
Sep 14 2001 // Although Tuesday’s terrorist attack on the World Trade Center building is a terribly tragic event, the impact on the property insurance industry is likely to be modest, according to a preliminary analysis by Weiss...
Collection at Conference & Expo 2001 for Victims of Terrorist Attack
Sep 14 2001 // In light of the horrendous tragedy in New York, the American Agents Alliance will be taking a collection at Conference & Expo 2001 to benefit victims and their loved ones. This collection will be taken on Sunday,...
The Hartford Is Ready to Assist Customers Affected by Terrorist Attacks
Sep 13 2001 // The Hartford Financial Services Group announced that it has a catastrophe team in place at its Shelton, Conn., claim center, ready to move closer to New York when possible. Additionally, the company has claim adjusters...
A Stunned World Reacts to Terrorist Attacks
Sep 12 2001 // No words will ever be able to fully convey the shock and the stunned incredulity around the world as yesterday’s terrorist attacks unfolded on television screens across the globe. Live coverage on French television...
Lloyd’s of London Evacuates Office Towers Following U.S. Terrorist Attacks
Sep 11 2001 // Lloyd’s of London cleared its offices in the traditional financial center in the City of London following terrorist attacks on New York City and Washington, D.C. Reuters reported that the staff of other large...
Terrorist Acts Strike New York and Washington
Sep 11 2001 // Terrorists crashed two hijacked planes into the World Trade Center this morning, causing countless deaths and untold damage as the twin 110-story towers collapsed. The crashes occurred minutes apart just before 9 a.m., and...
NAII Comments on Terrorist Attacks
Sep 11 2001 // The airline disasters in New York City, Pittsburgh and Washington, D.C. have taken an incalculable toll of human lives. The National Association of Independent Insurers (NAII) has three member companies headquartered in...
Aon Launches Political Risk Management Service
Aug 10 2001 // Aon Corporation launched a Political Risk Exposure Profile (PREP) service that provides customized financial analysis of political threats to a company’s global operations. According to John Minor, senior vice...
Aon Survey Finds Risk Managers Feel Exposed to Political Risk
Aug 8 2001 // Aon Corporation recently conducted a survey revealing that more than 85 percent of Fortune 1000 risk managers indicated that their firm was well-protected from property, general liability and directors’ and...
Terrorism from Newly Empowered Pressure Groups Poses a Threat
Jun 18 2001 // Firebombs, booby-trapped letters and packages, kidnappings, assaults and extortion—as these violent acts continue to proliferate, insurers have stepped up to offer financial protection. Handling threats from terrorist...
Lloyd’s Syndicate Offers New Coverage for War, Political Violence
Jun 11 2001 // Managing Agency Partners (MAP) Underwriting, one of Lloyd’s newest syndicates, has come up with an innovative and timely policy aimed at protecting investors from losses caused by wars and political violence in...
Terrorism from Newly Empowered Pressure Groups Poses a Threat
Jun 11 2001 // Firebombs, booby-trapped letters and packages, kidnappings, assaults and extortion—as these violent acts continue to proliferate, insurers have stepped up to offer financial protection. Handling threats from terrorist...
