terrorism
Feds Are Eyeing Captives Tapping Terrorism Backstop, Again Paid Members Public
The U.S. government is continuing to question the use of captives to tap the taxpayer-backed program.
Australia Building Blast Models for Terrorism Reinsurance Program Paid Members Public
The government-backed reinsurer has hired Risk Frontiers and Finity to assist.
Small Insurers Shunning Terrorism Reinsurance Paid Members Public
Double digit increases in reinsurance premiums may be causing a “gap” in terrorism cover for small insurers.
States, Feds Combine Terrorism Insurance Data Efforts as “Concerning” Trends Revealed Paid Members Public
The U.S. Department of Treasury is moving ahead with plans to combine the collection of data related to terrorism insurance that had long been split between the federal government and the states into a single effort overseen by Treasury’s Federal Insurance Office (FIO). The move comes at a
All Terrorism Insurance Alternatives Have Challenges: GAO Paid Members Public
Any alternative funding structure to the Terrorism Risk Insurance Act (TRIA) would create a significant challenge for insurance, reinsurance and government leaders in finding an acceptable alternative, according to a report released last week by the U.S. Government Accountability Office (GAO). Specifically, the GAO said that the two leading
Captives, Reinsurers Push Back on TRIA Data Proposal Paid Members Public
Captive and reinsurance industry representatives are pushing back on proposed changes to the Terrorism Risk Insurance Act (TRIA) over a myriad new data collection requirements that could force the industry to scramble to comply in just over a month’s time. Industry representative are also warning regulators to address “loopholes”
Insurers, Reinsurers Differ on Government Terrorism Timing Paid Members Public
The U.S. government should make a determination whether a loss event is an “act of terrorism” in either days or months, depending which sector of the insurance and reinsurance industry you ask. In comment letters collected to the U.S. Department of Treasury’s Federal Insurance Office (FIO) in
Focus Shifts to Timing of U.S. Terrorism Insurance Call Paid Members Public
When the government declares an event “an act of terrorism” is just as important as how it reaches that conclusion, according to new documents focused on implementation of recently passed terrorism insurance legislation. The U.S. Treasury Department released a public comment notice last week as part the requirements of
