Archive for the ‘Insurance’ Category
Wednesday, October 28th, 2009
The U.S. Government has extended the Terrorism Risk Insurance Act (TRIA) to 2014. TRIA is intended to support insurance companies in case the claims from a terror incident go above a certain threshold.
What is interesting are the exclusions used by the government for this reinsurance.
Domestic vs. International Terrorism
Insured losses are ...
Posted in Insurance, Security | No Comments »
Friday, September 11th, 2009
Eight years after 9/11 threat of terrorism continues to persist.Organizations buying insurance to provide protection from terror attacks is on the rise.
Terrorism Insurance
Prior to 9/11, there was terrorism insurance was not a major concern. However, after 9/11 insurance and reinsurance companies found themselves with significant amount of exposure. Immediately following ...
Posted in Insurance, Security | No Comments »
Wednesday, August 12th, 2009
Hurricanes pose serious risks to physical assets in chemical plants and refineries. During hurricanes, plant equipment can be damaged by high winds and/or flood waters. I’m hoping your refinery has adequate protection against flooding...so let us see what risks are posed by high winds.
High winds acting on plant equipment exert ...
Posted in Hurricanes, Insurance, Natural Disasters | 2 Comments »
