Keyword
terrorism
Frequency of improvised explosive device attacks ‘a key statistic’ for insurers: RMS
September 19, 2016 by Canadian UnderwriterExplosions this past weekend in the Eastern United States have “implications for the modeling of terrorism risk,” Risk Management Solutions (RMS) Inc. stated Monday in a release. The Associated Press reported that an improvised explosive device (IED) exploded Saturday night…
AIR Worldwide expands terrorism model for 28 countries, including Canada
September 12, 2016 by Canadian UnderwriterCatastrophe risk modelling firm AIR Worldwide announced on Monday that it has expanded the capabilities of its terrorism risk model to support scenario testing for the United States and 27 other select countries, including Canada, to help companies assess the…
Over There, Over Here
August 26, 2016 Angela Stelmakowich, EditorIt would be folly to think that political risk is something that only happens “over there.” The effects over here can be just as damaging. That the number of such incidents may not be as high as has traditionally been…
Suicide bomber targetting U.S. consulate in Saudi Arabia identified
July 5, 2016 Aya Batrawy - THE ASSOCIATED PRESSDUBAI, United Arab Emirates — Saudi Arabia on Tuesday identified the suicide bomber who struck outside the U.S. Consulate in Jiddah as a Pakistani resident of the kingdom who arrived 12 years ago to work as a driver. The suicide…
Up in the Air
July 1, 2016 Lisha Li, Associate, Blake, Cassels & Graydon LLPThe December 31, 2015 deadline and the six-month extension for the federal government to provide war risk indemnity under the Aviation War Risk Liability Program, meant to provide war risk indemnity to the Canadian air industry, has
passed. All Canadian air carriers and aircraft operators need to obtain war risk coverage on the commercial insurance market if required under leases and/or financing documents.
Shift in terrorist tactics, targets in the West demands change in attitude
June 10, 2016 by Angela StelmakowichA shift in terrorist tactics and targets in Western countries may come down to efficiency – from the perspective of terrorists – but should encourage governments and businesses to enhance security in busy public places, suggests Andrew Majoran, lead terrorism…
Ironshore International releases political risk coverage for film producers
June 7, 2016 by Canadian UnderwriterIronshore International has announced the availability of a political risk product to address the risk exposure of film production companies shooting in at-risk locations worldwide. The Political Risk film production specialty insurance product will be offered within the company’s War…
2015 the most lethal year for terrorism in Europe in nearly a decade: Aon Risk Solutions
April 12, 2016 by Canadian Underwriter2015 was the most lethal year for terrorist violence in Europe in nearly a decade and the first net increase in global terrorism risk ratings since 2013, according to Aon Risk Solutions. On Tuesday, Aon Risk Solutions – the global…
Brussels bombings show trend to target public transportation infrastructure: RMS
March 28, 2016 by Canadian UnderwriterThe terrorism bomb blasts last week in Brussels “are a somber reminder of the difficulty of preventing attacks against transportation infrastructure such as airports and metro or bus stations,” notes catastrophe risk modelling company Risk Management Solutions (RMS). “As security…
Aggregation Aggravation
March 1, 2016 Greg MeckbachWhile risk managers for large manufacturers tend to be aware of the vulnerability of their supply chains to major incidents affecting business partners, the same cannot necessarily be said for risk professionals at small to mid-sized organizations. Some experts warn the latter may not be aware of the full impact that aggregation of risk, including relating to cyber and critical infrastructure, can have.