A Look Back at Boston Marathon Bombing Insurance Claims April 18, 2023 By Andrew G. Simpson Ten years ago, on April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston...
Congress Studying Federal Reinsurance for Cyberterrorist Attacks May 26, 2021 By Andrew G. Simpson A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup...
P/C Insurers Back a Federal Pandemic Loss Fund But Not a Backstop Like TRIA May 19, 2020 By Susanne Sclafane Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down...
How TRIA Would Handle Another 9/11: I.I.I. October 11, 2019 By James Lynch The Insurance Information Institute’s new white paper, “A World Without TRIA: Incalculable Risk,” shows how the market for terrorism insurance...
Industry Eyes Renewal of U.S. Terror Reinsurance and Alternatives Should Congress Fail March 5, 2019 By Suzanne Barlyn U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible...
New York Businesses Advised to Check Insurance in Wake of Chelsea Terrorism Bombing September 20, 2016 By Elizabeth Blosfield New York Governor Andrew Cuomo has identified the incident where a bomb went off from inside a dumpster in New...
U.S. Can’t Seize Manhattan Building Over Iranian Terror Claims: Court July 21, 2016 By Jonathan Stempel A federal appeals court said on Wednesday the U.S. government cannot seize a midtown Manhattan office tower originally built by...
How AIG Is Using Cyber Intelligence to Protect Property from Cyber Attacks July 22, 2015 By Sonali Basak A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United...
Judge Denies Daughter’s Cuba Damages Claim Under TRIA for Father’s Death May 1, 2015 By Patricia Hurtado A federal judge who will sentence BNP Paribas SA Friday for violating U.S. sanctions against Sudan, Iran and Cuba on...
Connecticut Gov. Malloy Lauds Congressional Passage of TRIA January 9, 2015 Connecticut Governor Dannel P. Malloy issued a statement praising the Congressional approval for a six-year extension of the federal government’s...