act of terrorism certification News

Boston Bombing Lesson: Risk Managers Urge Better ‘Terror Act’ Certification

Citing uncertainty following the Boston Marathon bombing almost two years ago, risk managers are urging the federal government to set a deadline for certifying if an event is an act of terrorism and also use insurers’ figures for estimating losses …

XL’s New Standalone Terrorism Policy Addresses TRIPRA Gaps

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 Program Reauthorization Act (TRIPRA). With TRIPRA reauthorization still in question …

Treasury Hasn’t Determined Boston Bombing Was ‘Act of Terrorism’ Under TRIA

A U.S. Treasury Department spokesperson last week provided a statement to Boston news outlets that said “The Secretary has not determined that there has been an ‘act of terrorism’ under the Terrorism Risk Insurance Act” for the April 15, 2013, …