Category Archives: Terrorism
Bioterrorism: Unthinkable but Insurable
The bombings in Boston on April 15 re-kindled concern about a type of risk no one likes to think about: bioterrorism. Risk managers, however, must think about it and prepare to mitigate as much of the human, environmental and financial …
Continue reading →Willis Deputy CEO Steve Hearn: Extension of TRIA is Critical
Steve Hearn, Deputy CEO, Willis Group Holdings, spoke with A.M. Best from the RIMS 2013 Conference about the importance of renewing the TRIA, the terrorism insurance backstop, lessons learned from Hurricane Sandy, and innovation in the insurance industry.
Continue reading →Rising Security Threats in Nigeria
Nigeria, the oil-rich West African nation headed by President Goodluck Jonathan, appears to be experiencing a broadening of security concerns – demonstrated by a string of recent kidnappings.
Continue reading →What Risks Will Emerge in 2013?
We look ahead for the risks businesses should prepare for in 2013. Read their predictions and vote for the one most likely to affect your business this year.
Continue reading →Terrorism Ferments in the Sahel and North Africa
An emerging risk that has occupied our minds lately is the profound risk to security, livelihoods and stability in the Sahel, presented by a possible spread of Islamic terrorism from Mauritania in the west to the Horn of Africa in …
Continue reading →Our Scariest Terrorism Risk – Cyber Terrorism: Potentially Paralyzing
The risk of cyber terrorism directed at U.S. targets (either the private sector or the U.S. Government) continues to evolve into a potentially catastrophic and genuine possibility.
Continue reading →Washington Debates the Future of the Terrorism Risk Insurance Act (TRIA)
The House Subcommittee of Insurance, Housing and Community Opportunity will meet today to hear testimony from a broad panel of industry witnesses as to the effectiveness and continuation of the Terrorism Risk Insurance Act of 2002.
Continue reading →Intent Can Define Terrorism: Milwaukee Sikh Shooting an Act of Terrorism?
I am asked periodically by clients and Willis associates whether or not a specific act of violence would be considered an act of terrorism. Namely, they want to know whether or not an event would be covered under TRIPRA* or …
Continue reading →RIMS Panel: Life After TRIA
It has been 10 years since the creation of the Terrorism Risk Insurance Act (TRIA) in response to the horrific events of 9/11. Drafted originally to provide stability to an insurance market in free fall, TRIA (and its subsequent extensions) …
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