Businesses Push for Terrorism Insurance Vote When Congress Returns December 24, 2014 By Emily Stephenson Lobbyists for insurers, real estate financiers and businesses launched into action last week to urge quick renewal of a terrorism...
With TRIA Renewal Efforts Killed, Some Predict Market Chaos December 18, 2014 By Mark Hollmer Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014....
Senate Fails to Renew Terrorism Insurance December 17, 2014 By Cheyenne Hopkins A U.S. program that backstops insurance companies’ losses from acts of terrorism is set to end after the Senate didn’t...
How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO November 21, 2014 Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to...
Treasury Hasn’t Determined Boston Bombing Was ‘Act of Terrorism’ Under TRIA September 19, 2014 A U.S. Treasury Department spokesperson last week provided a statement to Boston news outlets that said “The Secretary has not...
Stakes for P/C Insurers ‘High’ If Congress Shifts TRIA Burden: Moody’s June 11, 2014 If Congress acts to extend the federal government backstop for terrorism insurance, the new version will likely impose higher deductibles...
Hiscox Increases U.S. Terrorism Insurance Capacity to $200 Million April 28, 2014 Hiscox has increased capacity to $200 million for U.S. domiciled terrorism risks. The additional capacity addresses the increased demand for...
Mass. Regulator on Boston Bombing Claims, TRIA Reauthorization Effort April 23, 2014 By Young Ha Massachusetts Division of Insurance’s last data call showed that the vast majority of insurance claims stemming from the Boston marathon...
Boston Marathon Attacks Convinced Smaller, Midsized Firms to Buy Terror Insurance April 17, 2014 By Prashant Gopal, Christopher Condon and Jack Fairweather For landlord Peter Zagorianakos, terrorism insurance wasn’t a necessity until the bombs went off last April at the Boston Marathon...
N.Y. Sen.: TRIA Renewal Vital for Economic Development in Cities Across Country April 14, 2014 By Michael R. Sisak The U.S. Senate is close to extending an insurance program Sen. Charles Schumer said is vital to New York’s post-9/11...