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Search Results for terrorism

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11.

Feb 6, 2013 - ... introduced a bill in the U.S. House to reauthorize the Terrorism Risk Insurance Program (TRIP), the federal government's program for funding loss recovery from large-scale terrorist attacks. The program is not due to expire until Dec. 31, 2014, but reauthorization...

12.

Jun 1, 2007 - ... ones who are going to be hurt are the small companies." Yet, the insurance industry does not resist federal involvement across the board, because a long-term federal role is sought in terrorism coverage. "Without [the federal terrorism reinsurance backstop], we would have a serious disruption in city markets," said Richard Zick, president and CEO of Utica First Ins. Co., Utica, New...

13.

Jun 1, 2006 - ... introduced with a filing of revised rating information for the earthquake peril in Kentucky. Earthquake information has since been filed in other states, and similar filings are scheduled for the terrorism and hurricane perils. The enhanced rating information incorporates data provided by the three major U.S. catastrophe modeling firms: EQECAT, Oakland, Calif.; RMS, Newark, Calif.; and AIR Worldwide, Boston, Mass. The...

14.

Sep 1, 2004 - ... to entries for traditional coverages such as building property and business income, the ACORD 28 adds entries for recent insurance considerations, including mold and terrorism. For terrorism, the form asks whether terrorism coverage applies only to "certified" acts of terrorism covered under the federal reinsurance backstop, whether the coverage extends to domestic terrorism, and if it is provided through a...

15.

Jun 1, 2005 - ... is the largest experiment mankind has ever run, the CO2 experiment," he said. "We don't know how it is going to end up." Terrorism forcing us to re-examine fundamentals The threat of terrorism is forcing Americans to rethink some fundamental premises about the appropriate role of government in providing economic security in conjunction with physical security. Of most immediate concern to insurers...

16.

Jun 1, 2006 - ... of insurance policies," starting with the development of pollution exclusions. One of the best examples of how reinsurance contract language can shape the underlying primary policies came when reinsurers quickly implemented terrorism exclusions following the Sept. 11th attacks. Reinsurers responded to the attacks by implementing exclusions that used language (originating in London markets) which relied on the intentions of attackers to...

17.

Jan 6, 2005 - ... Re, who will describe how climatology and earth science are being used to understand and price insurance risk. Rounding out the session will be attorney Ron Robinson, chairman of a terrorism risk subcommittee of the Defense Research Institute, who will discuss the often-overlooked general liability exposures that arise from acts of terrorism. Steven Fink, author of the book Crisis Management:...

18.

Jun 7, 2007 - OAKLAND, Calif., June 7, 2007— EQECAT, Inc., a subsidiary of ABSG Consulting Inc. ("ABS Consulting"), and the leading authority on extreme-risk modeling, said today that the American Association of Insurance Services (AAIS) is using the firm's earthquake-risk analysis in rate filings across the United States. EQECAT's detailed analysis involved the use of EQESTOCK™, its nationwide proprietary database, together with its knowledge of the geographic distribut...

19.

Aug 15, 2011 - ... we have created a comprehensive new approach to insuring terrorism risk? Would we have done all that on the basis of the Oklahoma City and Pentagon attacks only? No one can say for sure. But clearly, the combination...

20.

Sep 1, 2009 - ... Robert Hartwig, III: While there are some differences of opinion, most would agree that large scale acts of terrorism are fundamentally different from acts of God. Acts of terror are not random events; the potential...