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- in financial markets, hedging or any other strategy that reduces risk while permitting participation in potential gains
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- Terrorism law puts Treasury Dept. into the insurance regulation business. (Capitol Insights).(Terrorism Risk Insurance Act)
- Despite what I think is a sincere desire to leave regulation of insurance to the states, it is hard not to notice that the terrorism insurance bill is forcing the Treasury Department to move closer and closer to developing a type of federal oversight Despite what...
- Research articles 2003-03-31
- Regulatory, asbestos reform bills likely to stall; Supporters look to next Congress.(insurance regulatory reform)
- Byline: MARK A. HOFMANN The 109th Congress appears likely to end its last regular session in a few weeks with a considerable amount of unfinished risk management and insurance-related business left on the table. Among the issues likely to be lef ...
- Research articles 2006-09-04
- 2005's risk management newsmakers.(Spotlight: Year in Review--Risk Management)
- While many may see the probe by Connecticut Attorney General Richard Blumenthal into insurance industry abuses as a me-too move following the 2004 investigations by New York Attorney General Eliot Spitzer, few will disagree that Mr. Blumenthal held h While many may see the probe by...
- Research articles 2006-01-02
- Lawmakers use recess to test future litigation.(Commentary)(insurance industry)(Editorial)
- Byline: Mark A. Hofmann Not much serious legislating tends to get done on Capitol Hill during the months between the Independence Day break and Election Day in even-numbered years. While there may be some furtive lawmaking being committed in this Byline: Mark...
- Research articles 2006-07-17
- White House opposes permanent backstop.(News)(terrorism insurance)
- Byline: Mark A. Hofmann WASHINGTON-The Bush administration is willing to work with Congress regarding the federal government's role in guaranteeing terrorism insurance, but remains committed to the eventual elimination of the terrorism insurance b Byline: Mark A. Hofmann WASHINGTON-The Bush...
- Research articles 2007-03-12
- President Signs Terrorism Insurance Bill -- Reaction Of Senate Judiciary Chairman Patrick Leahy
- WASHINGTON, Nov. 26, /U.S. Newswire/ -- President Bush Tuesday signed into law a bill that will help insurance companies cover the cost of catastrophic claims in the event of future terrorist attacks. The legislation will help builders secure insurance atWASHINGTON, Nov. 26, /U.S. Newswire/ -- President Bush Tuesday signed into...
- Research articles 2002-11-26
- Bush pushes U.S. Senate to pass terrorism Re Bill. (Washington Update).(Brief Article)
- President George W. Bush's call for the U.S. Senate to quickly enact terrorism insurance legislation is drawing support from the insurance industry and criticism from consumer groups, while sparking partisan bickering on Capitol Hill. During a pub President George W. Bush's call for...
- Research articles 2002-04-15
- 2006 Timeline.(insurance industry)(Industry overview)
- JANUARY Risk managers report mixed market conditions as 2006 begins. While rates for many liability lines drop, the hurricane-battered commercial property market hardens significantly as buyers face double-digit increases. Top insurance and rei JANUARY Risk managers report...
- Research articles 2007-01-01
- A battle looks won, but others remain.(News)(terrorism insurance legislation)
- Byline: Paul Winston OK, I'll admit it: As of last week, I thought the terrorism insurance legislation had the proverbial snowball's chance in hell of clearing Congress this year-if ever. So, was I surprised to hear Thursday that a deal was near...
- Research articles 2002-10-21
- Congress OKs terror backstop; Buyers' attention turns to the insurance market's response.(News)(Terrorism Risk Insurance Act of 2002)
- Byline: MARK A. HOFMANN WASHINGTON-Risk managers and brokers are now waiting to see how the commercial insurance market will react to passage of a long-awaited terrorism insurance bill. Questions about how the legislation will affect insurance c Byline: MARK A. HOFMANN...
- Research articles 2002-11-25
- For The Record.(Briefs)(insurance industry 2003 premium forecast, 2002 property/casualty net income data, govt terrorism insurance program)
- UAL fiduciary blocks 401k stock purchases The independent fiduciary that manages UAL Corp. stock held in the company's 401k plans is barring participants from buying company stock until the airline emerges from bankruptcy protection and new sto UAL fiduciary blocks 401k stock purchases ...
- Research articles 2002-12-23
- Consumer groups fight terror re bill. (Washington Update).(Brief Article)
- There is no crisis in the terrorism insurance market and no reason for Congress to enact legislation at this time, consumer groups said in a letter to Senate Majority Leader Tom Daschle, D-S.D. "While some potential terrorist targets, like sky There is no crisis...
- Research articles 2002-06-03
- ABA urges permanent terror cover solution.(American Bar Association)
- Byline: Mark A. Hofmann The pre-emption of state insurance pricing laws and the extension of terrorism insurance coverage to such perils as nuclear, biological and chemical losses should be part of a "permanent government/industry solution'' Byline: Mark A. Hofmann ...
- Research articles 2006-05-01
- Terrorism insurance bill faces plenty of hurdles. (Late Breaking News).(Brief Article)
- Insurance industry groups are hailing the Senate's overwhelming 84-14 vote in favor of legislation creating a federal backstop for terrorism losses, but cautioning that there is still a long way to go. "Obviously, there are stark differences Insurance industry groups are hailing...
- Research articles 2002-06-24
- N.Y. to act on terrorism insurance.(New York State terrorism insurance )
- New York State's top insurance regulator said that if Congress doesn't take action to make terrorism insurance available during its lame duck session this month, he will. "It is hard [for a state] to find a global solution to a global problem New...
- Research articles 2002-11-04
- ISO offers terrorism insurance seminar online. (Reinsurance Technology).(Insurance Services Office )(Brief Article)
- The Insurance Services Office Inc. will launch a series of Web-based educational seminars in January, starting with a seminar on ISO's commercial property and liability terrorism forms. The interactive seminars, 26 in all, will feature experts on r The Insurance Services Office Inc. will...
- Research articles 2002-12-16
- CFA says terror insurance battle is already won. (Late Breaking News).(Congress may pass legislation on terrorism insurance)(Government Activity)(Brief Article)
- Congress should scrap both terrorism insurance bills currently pending before it and opt instead for a limited approach that targets the main problem in the market-big "trophy" properties, the Consumer Federation of America said. "W Congress should scrap both terrorism insurance bills currently...
- Research articles 2002-08-26
- Self-insuring terrorism is risky. (Cover Story).(Congress debates terrorism insurance bills)(Government Activity)(Brief Article)
- Commercial insurance buyers looking for terrorism coverage basically have three choices--they can buy expensive standalone policies if they can find any, they can set aside funds and self-insure their exposure, or they can go bare and hope for the Commercial insurance buyers looking for terrorism...
- Research articles 2002-09-16
- Terrorism Risk Insurance Act of 2002: Terrorism Insurance Program, Treatment Of Terrorist Assets, Federal Reserve Board Provisions
- The ability of businesses and individuals to obtain property and casualty insurance at reasonable and predictable prices, in order to spread the risk of both routine and catastrophic loss, is critical to economic growth, urban development, and the construction and maintenance of public and private housing, as well as to...
- White papers 2003-01-01
- Risks Under New Terrorism Insurance Act
- The Terrorism Risk Insurance Act of 2002, effective November 26, 2002 (the "Act"), has radically changed insurance rules. While the Act technically requires insurers to "make available" terrorism insurance, however this important new right can be lost inadvertently. As described below, owners, lenders and investors must be aware of the...
- White papers 2002-01-01
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