This Blog covers the ABA Tort Trial & Insurance Practice Section's series of podcasts, teleconferences, and live programs dedicated to Disaster Preparedness and Response. It addresses issues arising out of disasters caused by foreign and domestic acts of terrorism, by negligent acts, by natural events and by threats to our cyber-security and will confront the issues of preparedness, risk management, recovery and response, liability, insurance, claims and litigation.
Guy Carpenter, one of the leading reinsurance intermediaries, has released a comprehensive report on the state of terrorism insurance and reinsurance. The report states that terrorism insurance remains abundant and that the industry is meeting the demand, along with governmental pools, for the increased terrorist risk. Nevertheless, the report concludes that the insurance and reinsurance market remains vunerable to a major terrorism loss.
The TIPS Disaster Preparedness and Response Initiative will be addressing the terrorism risk and the insurance/reinsurance aspects of that risk at the ABA Annual Meeting in Chicago on August 2, 2012. Please watch for information about that program. The September Teleconference Series, starting on September 6, has numerous panels on terrorism and the insurance response. For more information and to register for the Teleconference Series click here.