Terrorism
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TRIA bill gets Senate Committee approval but hurdles remain
The US Senate Banking Committee has approved a bill that would see the US government continue to provide a terrorism…
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Political violence worsens in Ukraine, Middle East and Africa
Rising levels of violence in Ukraine and Nigeria in recent weeks are just two examples of a marked increase in…
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Studies add further weight to US terror backstop renewal
Recent weeks have seen a cluster of reports giving further ammunition to the campaign to renew the Terrorism Risk Insurance…
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TRIA takes encouraging first steps towards renewal
The future of US government-backed terrorism insurance looks more positive after legislation extending the Terrorism Risk Insurance Act (TRIA) was…
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RIMS calls for extension to TRIA before Senate Committee
RIMS this week called for an extension of the Terrorism Risk Insurance Act (TRIA) before the US Senate Committee on…
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French government updates terror plan
The French government has implemented a new version of its Vigipirate plan, which aims to prevent and react to terror…
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Emerging markets face increased political risk in 2014
Changing economic fortunes and social upheaval are expected to cause increased levels of political risk in emerging markets during 2014…
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Western and emerging market political violence and terrorism risk gap widens
Political violence and terrorism risk is growing in emerging markets, but falling in the US, Europe and parts of the…
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Corporate round-up
ACE appoints new international Terrorism and Political Violence Underwriter, ORIC names Michael Sicsic as Chairman and Clements Worldwide makes key…
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RIMS members fear consequences of TRIA expiration
A survey of RIMS members has found that 45% of respondents expect a decrease in terrorism coverage limits if TRIA,…
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Westgate attack to increase sale of terrorism cover
Kenyan insurers expect the sale of terrorism insurance cover to increase in the medium term following the horrific Westgate shopping…
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AMRAE wins price reductions from French terror pool
The French risk management association AMRAE is celebrating a lobbying victory after the country's terrorism pool agreed to a change…
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Industry urges renewal of US terror backstop TRIA
Insurers and brokers are lobbying hard to convince US politicians to extend government support for the terrorism insurance market, although…
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Unrest in Turkey and Brazil has minimal impact on political and trade credit markets
Recent unrest in Turkey and Brazil has had minimal impact on the global political risk and trade credit insurance markets,…
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Insurers take cautious stance on Turkey
Political risk insurers have responded to ongoing protests in Turkey by holding back cover as they wait to see how…
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Overall global terrorism and political risk levels down finds Aon map
There has been an overall improvement in the global terrorism and political risk profile, but the knock on effects of…
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Boston bombing likely to significantly impact terrorism and sporting markets
The dual bomb attack at the Boston marathon will likely have a significant impact on the terrorism insurance market and…
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Global political risk levels off but African threat spreads finds Aon map
Following a number of years in which Aon's Political Risk Map found that political risk rose worldwide as a result…
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Changes to GAREAT on the table as AMRAE opens record Rencontres
As AMRAE opened its best ever attended Rencontres in Lyon yesterday the association called for further debate about changes to…
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Political violence up 36% finds Marsh risk map
The number of countries affected by political violence has risen over the last year, primarily on the back of increased…