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Terrorism reinsurance fund to help Parisian businesses

By: Thomson Reuters

Published November 24, 2015 - 3:15pm CST

A state-backed reinsurance pool will help pay insurance claims from Parisian businesses struggling in the wake of the Nov. 13 terrorist attacks.

Bombing of Russian plane triggers hull war coverage

By: Sarah Veysey

Published November 22, 2015 - 6:00am CST

Confirmation that the Russian Airbus A321 that crashed in Egypt was felled by a homemade bomb puts the loss in the hull war insurance market, a segment of the aviation market already reeling from several major losses.

Paris attacks provide stark lessons

By: Sarah Veysey and Mark A. Hofmann

Published November 22, 2015 - 6:00am CST

Risk managers are urged to revisit and rehearse their companies' travel risk management plans in the wake of the devastating Paris attacks.

Week in pictures

Published November 20, 2015 - 12:03pm CST

Global terrorism takes center stage in the Business Insurance week in pictures.

Pool Re to boost terrorism retentions

By: Donna Mahoney

Published November 20, 2015 - 11:31am CST

Pool Reinsurance Co. Ltd. announced t will increase its retention loss for a terrorism event by $53.3 million taking effect at the start of next year.

Costliest terror attacks

Published November 17, 2015 - 11:00am CST

Business Insurance looks back on the costliest terrorist attacks in insured losses, according to the Insurance Information Institute.

Insured property losses from Paris attacks likely to be low

By: Sarah Veysey

Published November 17, 2015 - 10:31am CST

State-backed pool likely to bear most of the costs from the shootings and bombings that have claimed 132 lives.

Companies tighten security in wake of Paris terror attacks

By: Sarah Vesey

Published November 16, 2015 - 11:12am CST

Focus on safety increases for traveling and expatriate workers as questions of future trips arise.

Hired-gun hacking played key role in JPMorgan, Fidelity breaches

By: Thomson Reuters

Published November 13, 2015 - 2:58pm CST

Prosecutors have charged fugitives in a large cyber fraud case and provide insight into the hack-for-hire industry.

U.S. charges three in huge cyber fraud targeting JPMorgan, others

By: Thomson Reuters

Published November 10, 2015 - 10:52am CST

U.S. prosecutors have unveiled expanded criminal charges against three men in connection with a massive 2014 JPMorgan cyber attack.

Iran cyber spy group hit in coordinated European raids

By: Thomson Reuters

Published November 09, 2015 - 9:40am CST

Hacker group and cyber espionage operation has been hunted by security experts since early 2014.

Week in pictures

Published November 06, 2015 - 10:50am CST

Earnings and other earth-shattering events make up the Business Insurance week in pictures. View the gallery

State-sponsored hackers raise the cyber threat stakes

By: Mark A. Hofmann

Published October 29, 2015 - 3:28pm CST

Security expert weaves chilling tale of foreign infiltration and its potentially serious consequences.

U.S. must avoid isolationism to address global risks

By: Mark A. Hofmann

Published October 29, 2015 - 12:29pm CST

Former Homeland Security Chief Tom Ridge says the U.S. must live up to the high bar it's set as the world becomes more connected.

Ace, Lloyd's syndicate focus on terrorism insurance coverage

By: Sarah Veysey

Published October 19, 2015 - 9:40am CST

Terrorism and political violence are the focus of a new division of Lloyd's of London syndicate Acappella, as well as of a new Ace Ltd. policy.

Sandy Hook wrongful death suits head back to state court

By: Matthew Lerner

Published October 02, 2015 - 11:12am CST

A judge in U.S District Court in Hartford, Connecticut, has sent back to state court a wrongful death lawsuit filed by 10 Newtown, Connecticut, families against Bushmaster Firearms.

Insurance leaders named to terrorism risk-sharing committee

By: Mark A. Hofmann

Published September 23, 2015 - 3:03pm CST

Nine insurance executives have been appointed to the federal Advisory Committee on Risk-Sharing Mechanisms, the U.S. Treasury Department announced Wednesday.

Pope's Philadelphia visit heavily insured

By: Matthew Lerner

Published September 22, 2015 - 2:26pm CST

W.R. Berkley Corp. and OneBeacon Insurance Group of New York are lead insurers for Pope Francis' upcoming visit Saturday, said New York-based insurance brokerage Dewitt Stern Group Inc.

World Trade Center developer gets new chance for damages

By: Thomson Reuters

Published September 17, 2015 - 2:21pm CST

(Reuters) — A federal appeals court has given developer Larry Silverstein a new chance to recoup more money for rebuilding the World Trade Center site in New York, on top of the $4.1 billion of insurance proceeds he has received.

Cyber security collaboration gives way to up-to-date risk model

By: Donna Mahoney

Published September 14, 2015 - 12:02pm CST

Two cyber security risk providers will collaborate with AIR Worldwide Corp., a Boston-based catastrophe risk modeling software provider, to an up-to-date cyber risk model for insurers, AIR said in a Monday news release.

Surplus lines lobbyists to keep Congress focused on cyber

By: Judy Greenwald

Published September 10, 2015 - 10:37am CST

SAN DIEGO — Congress is still trying to get a handle on cyber risk, which is going to remain a major focus at least through 2020, the year the Terrorism Risk Insurance Act comes up for reauthorization.

Arab Bank settles U.S. litigation over Hamas attacks

Published August 14, 2015 - 4:19pm CST

(Reuters) — Arab Bank P.L.C. has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating Hamas attacks in Israel, nearly a year after a U.S. jury found the bank liable.

Cyber breach discovered on University of Connecticut servers

By: Judy Greenwald

Published August 05, 2015 - 1:27pm CST

The University of Connecticut's School of Engineering said it is responding to a “criminal cyber intrusion” where hackers possibly gained access to servers in 2013.

U.S. Treasury warns of debt cap impact on markets, cyber readiness

Published August 05, 2015 - 11:21am CST

(Reuters) — The U.S. Treasury warned on Wednesday that a brush with the threat of default could leave government finances more vulnerable to cyber attacks, while also putting a squeeze on debt markets.

Boeing part reignites Malaysia jetliner mystery

By: Donna Mahoney

Published August 03, 2015 - 12:09pm CST

Last week's discovery of a Boeing 777 part washed up on the beach of the French island Reunion, reignites the mystery of missing Malaysia flight 370 that disappeared in March 2014.

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