The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers say. The insured value …
The U.S. Supreme Court on Tuesday ruled that foreign corporations cannot be sued in American courts for human rights abuses overseas, refusing to revive a lawsuit claiming Jordan-based Arab Bank Plc helped finance militant attacks in Israel and the Palestinian …
Pool Re, the UK terrorism reinsurer, announced the launch of the Vulnerability Self-Assessment Tool (VSAT). Aimed at medium and large businesses, this tool will enable Pool Re member insurers to offer a 5 percent premium discount to insureds which “implement …
Newbridge Risk Partners, an underwriting cell on the Castel Underwriting MGA formation platform, has secured a new binder with Lloyd’s and London company market capacity to support the continuing growth of its political violence and terrorism insurance and reinsurance business. …
Across the globe, risks of terrorism and other violence have made tight security at hotels and resorts routine, even in countries where strict gun control laws may help prevent the kind of shooting attack that occurred Sunday night in Las …
Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption losses if there is minimal or no damage to their properties …
Europe has experienced around a dozen cases of drivers using a car or truck to plow into pedestrians like last week’s attack in Barcelona, but cities have not rushed to mitigate the risks by changing their layout. Concerns about cost, …
Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas avenue. One Catalan police …
A van plowed into pedestrians on Barcelona’s most iconic avenue at the height of the tourist season in a terrorist attack that left 13 people dead and echoed similar incidents in other European cities. Catalonia’s regional government said 50 people …
Insurance against terror attacks must adapt to face up to the threats posed by so-called lone-wolf militants and the rise of cyber crime. That’s the view of Julian Enoizi of Pool Reinsurance Co., the U.K. government-linked body that backstops insurers …
