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The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program ...
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 ...
The process carriers follow to collect data required under the U.S. federal terrorism reinsurance program are moving toward a more streamlined approach in 2018. Previously, U.S. Department of ...
Passage of the updated U.S. federal terrorism reinsurance program in 2015 has helped maintain certainty and stability for the U.S. market even as the nature of terrorist acts has changed. Marsh noted ...
XL Catlin said it has doubled available limits for its standalone terrorism coverage and added other bells and whistles in what it described as a market response to new attacks in cities and schools ...
Hiscox said it has beefed up its terrorism coverage, with an eye on addressing nuclear, chemical or biological threats. The specialist insurer also noted it provides the coverage, including policies ...
In the wake of the brief lapse and then renewal of the U.S. federal terrorism reinsurance program in early 2015, Marsh has looked at the related risk insurance climate in a new report. The verdict: ...
In business and life, it's important to know one's strengths and weaknesses. While the insurance industry is adept at modeling windstorms, anticipating emerging liability risks and ensuring orderly ...
The Republican House Financial Services Committee (HFSC) voted 32-27 in a party line split Friday morning to renew the Terrorism Risk Insurance Program (TRIA) for five years, sending the measure to ...
The formal introduction and markup of proposed House legislation to renew the Terrorism Risk Insurance Act (TRIA) is expected the week of June 16, giving the industry hope something will move toward ...
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