Public Sector Risk

Legislation to extend the Terrorism Risk Insurance Act for a decade has been introduced in the House.

Copper was targeted in 96 percent of all metal thefts in the past three years, reports the National Insurance Crime Bureau (NICB), with criminals going after business owners and homeowners evenly.

Ace Ltd. CEO Evan G. Greenberg says there would be little to no terrorism insurance in the market without TRIA.

The reinsurance segment of Aspen Insurance Holdings Ltd. says it has formed a new division, Aspen Capital Markets.

Munich Re has sold a $500 million catastrophe bond to protect two North Carolina underwriting associations against hurricane losses, as insurers increasingly choose to cover risks with bonds rather than buying traditional reinsurance.

The bombing at the Boston Marathonthe first successful, high-profile terrorist attack in the U.S. since 9/11could impact the terrorism insurance marketplace, specifically event cancellation coverage.