terrorism insurance News
UK’s Pool Re Terror Cover Can Now Cover Non-Damage Business Interruption
Pool Re announced last week that it is now is able to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before a change ...
UK Motor Insurers Will Mutualize Claims for Terror Attacks Using Vehicles as Weapons
UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure. MIB is the UK's ...
Terrorism Insurance Still a Stable Market Even as Threats Evolve: Marsh Report
Terrorism insurance markets should remain stable even as threats rise and the types of attacks have continued to evolve. That's thanks to a nimble and proactive industry, Marsh asserts in a new ...
Hundreds of Las Vegas Shooting Victims File Lawsuits
Hundreds of victims of the Oct. 1 mass shooting in Las Vegas filed five lawsuits on Monday in a California court against the operators of the hotel from which the gunman fired, the organizers of the ...
Insurers Adapt to Terror Attacks on Western Cities
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in ...
XL Catlin Ups Terrorism Insurance Coverage Limits by 25%
XL Catlin said it has boosted available terrorism insurance coverage units by 25 percent in an effort to keep up with demand. Limits are now at $250 million, up from $200 million, the insurer and ...
SCOTUS Will Consider Company Exposure to Human-Rights Suits
The U.S. Supreme Court agreed to use a case stemming from Middle Eastern terrorism to decide whether victims of overseas atrocities can use a two-century-old federal law to sue corporations for ...
The Latest Launches From XL Catlin and Ironshore
XL Catlin is selling a new policy designed to help U.S. companies that store, handle and transport goods. Ironshore is beefing up its terrorism/shooter coverage with an added endorsement. *** XL ...