Terrorism coverage that Canadians may not know about
May 4, 2021 by Adam MalikCiting very tight definitions of the types of incidents that would trigger a terrorism policy, an expert is advising P&C industry professionals to help commercial clients get additional coverage, providing a wider scope of protection. Several exclusions and definitions currently…
How all-encompassing is the war risk exclusion?
January 15, 2020 by Greg MeckbachExclusions in commercial insurance for losses arising from violence might be broader than some of your clients think. “The war risk exclusion does not just apply where war has been officially declared between two or more countries,” said Lalita Mohabir, national…
Is your client covered from business interruption arising from terrorism?
June 6, 2019 by Greg MeckbachWhat if a terrorist attack interrupts your client’s business, but causes no actual injuries or damage to that client? Some insurers today are covering non-damage costs and loss of attraction. This could come into play if there is a terrorist…
Terrorism is changing. How coverage is following suit
June 3, 2019 by Greg MeckbachAs the terrorism threat shifts from large-scale attacks to softer targets, coverage options from insurance carriers are evolving as well. Some policies cover incidents when an attacker uses a gun, knife or acid for example, Tarique Nageer, Marsh LLC’s terrorism…
Business losses from terrorism shifting away from property damage: Aon
April 6, 2017 by Canadian UnderwriterTerrorism “linked to” Al Qaeda and the Islamic State of Iraq and the Levant “remains a critical threat” worldwide, especially in the oil and gas sector, but with a recent trend towards terrorists using vehicles as weapons, the loss to…
Critical infrastructure in Europe ‘currently not a priority’ for terrorists: Europol
December 2, 2016 Mike Corder - THE ASSOCIATED PRESSTHE HAGUE, Netherlands – The Islamic State group is likely to carry out new attacks in the European Union in the near future, probably targeting countries that are members of the U.S.-led coalition fighting the extremist organization in Syria and…
Compound beside Aden, Yemen international airport hit by suicide bomber
July 6, 2016 Ahmed Al-Haj - THE ASSOCIATED PRESSSANAA, Yemen – A suicide car bomber struck a military and security compound adjacent to the international airport in southern Yemeni port city of Aden on Wednesday, killing at least 10 people and setting off clashes with soldiers, medical and…
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…