• Insuring cities against terrorist attacks

    Do small towns really need to spend money for terrorism insurance? To collect on such policies, an act of terrorism has to be certified by the U.S. attorney general, the Department of the Treasury and the secretary of state; there also has to be at least $5 million in damage and an intent to coerce or influence U.S. policy; nuclear, biological, chemical, and radiological attacks are excluded

  • Demand for stand-alone terrorism coverage down

    Reinsurers would like to place more terrorism business, but the demand for stand-alone terrorism coverage is on the wane; the market could tighten if the Obama administration proceeds with its plan to scale back the federal government’s terrorism insurance backstop, which has been in place since 2002

  • National insurance for natural disasters: a necessity or "beach house bailout"

    Supporters of national disaster insurance program say it is better to plan ahead than do a bailout after a natural disaster; opponents say it would be a subsidy for owners of coastal mansions and encourage people to live in disaster-prone areas

  • What to do about high-seas piracy?

    The debate intensifies over what to do about the growing problem of piracy on the high seas; here is a sample of the points being discussed

  • Insurers are warned to prepare for hurricane season

    NOAA updated forecast calls for 12 to 16 named storms between 1 June and 30 November; says Impact Forecasting’s Steven Drews: “insurance and reinsurance buyers must remember that any storm can cause massive destruction”

  • Forecast: The Big One is coming

    Geologists say that there is a 99.7 percent chance a magnitude 6.7 quake or larger will strike by 2037; California is one of the most seismically active regions in the world, where more than 300 faults crisscross the state

  • Debate over data security breach insurance continues

    With more and more stories about data security breaches at major companies with millions of customers, the question arises: Should companies, as part of their business continuity plan, take out data security breach insurance? Industry insiders, analysts offer a range of opinions