Federal, State Regulatory Failure To Act On Terrorism Seen Endangering Commercial Insurers
- Truth is first casualty of war. Winston, Paul D. // Business Insurance;11/5/2001, Vol. 35 Issue 45, p6
Comments on the campaign strategies of the United States government against terrorism. Issues on the truthfulness of information propagated by the authorities; Public adjustment to the war on terrorism; Impact of the terrorism attacks on business insurance.
- Self-Insuring Terrorism Is Risky. McDonald, Caroline // National Underwriter / Property & Casualty Risk & Benefits Manag;9/16/2002, Vol. 106 Issue 37, p17
Focuses on the risk in terrorism coverage options for commercial insurance buyers in the U.S. Exclusion of terrorism in the coverage of standard property insurance carriers; Proposals for a terrorism insurance bill; Conditions for risk transfer.
- Buyers, insurers rebut CFA report on terrorism cover. Souter, Gavin // Business Insurance;8/26/2002, Vol. 36 Issue 34, p1
Reports the availability of commercial terrorism insurance coverage in the U.S. Ignorance on the reality of commercial insurance marketplace; Limitations in the coverage of the terrorism insurance; Increase in the commercial insurance rates.
- S&P: Insurers to cut cover for losses due to terror. // Westchester County Business Journal;1/28/2002, Vol. 41 Issue 4, p14
Reports the reduction of coverage losses caused by terrorism of commercial insurers in the United States. Inclusion of workers' compensation coverage; Concern for insurers writing property or casualty coverage; Difficulty of pricing terror losses.
- How TRIA is implemented key to its scope. Miller, Mark E. // Business Insurance;1/19/2004, Vol. 38 Issue 3, p10
One of the more significant terrorist threats that the U.S. faces as a nation is the threat of chemical, biological, radiological or nuclear attack (CBRN). "CBRN terrorism" is being taken quite seriously by the Department of Homeland Security and others in the federal government, with billions...
- Terrorism threat demands proper planning. Jernberg, Donald V. // Business Insurance;8/16/2004, Vol. 38 Issue 33, p10
No one wants to dwell on the potential for a significant terrorist attack on the United States in the near future, but officials are telling us that an attack is almost inevitable. There is reason to believe that the attempted attack may be tied to the elections this fall and will be aimed at...
- BUSINESS INTERRUPTION INSURANCE FOR DAMAGE TO OTHER PROPERTY. Miller, Alan R. // FDCC Quarterly;Spring2003, Vol. 53 Issue 3, p343
Addresses business interruption issues in circumstances where interruption is caused by physical damage to property other than insured property. Function of contingent business interruption insurance; Example of cases on civil authority or access claims; Impact of the U.S. September 11, 2001...
- Crisis planning must include routine, extreme. Nolan, Harry // Business Insurance;6/21/2004, Vol. 38 Issue 25, p10
Businesspeople are optimists and dream about the art of the possible. Crisis planners must think about everything that could go wrong. That takes both imagination and discipline. Terrorist attacks in the U.S. and abroad have hammered home the need to plan for formerly unimaginable disasters. The...
- Federal backstop remains vital terror cover tool. HOFMANN, MARK A. // Business Insurance;9/12/2011, Vol. 45 Issue 35, p1
The article focuses on the federal terrorism coverage backstop, one of the key legacy of the September 11, 2001 terrorist attacks in the U.S. It highlights the success of the program to bring certainty to the marketplace. The backstop was created by the Terrorism Risk Insurance Act to run until...