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...
Senators Announce Bipartisan Bill to Reauthorize Terrorism Insurance April 10, 2014 By Cheyenne Hopkins and James Rowley A bipartisan group of U.S. senators has agreed on legislation to extend the government’s financial backstop of terrorism insurance for...
Commercial Insurance Markets Looking Favorable for Buyers in 2014: Marsh February 7, 2014 The ample capacity and competition that helped temper firming of U.S. commercial insurance rates in 2013 is expected to continue...
Terrorism Insurance Extended to Four Airlines December 29, 2013 By Alan Levin and Jodi Schneider U.S. government insurance that guarantees airlines are covered against terrorism and war was extended for four carriers, including Virgin America...
Court Shields Developers From Terrorism-Related Damages in 9/11 Case December 5, 2013 By Jonathan Stempel A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from...
Risk Managers: Loss of TRIA Would Limit, Possibly End, Terrorism Coverage October 30, 2013 A majority of risk professionals believe expiration of the federal terrorism reinsurance program would result in a decrease of affordable...