Topic: Industry Developments

In the United States, a hotly debated industry issue is the future of the Terrorism Risk Insurance Program . We have recently seen a proposal  in a House Bill  to extend and expand TRIA. 

Fireman’s Fund Insurance Company recently released a new insurance coverage product for the video game development industry.  The policies will insure video game producers in a similar manner as policies that insure television and film producers. 

A New York jury recently found a cell phone distributor’s risk manager liable for his alleged role in a scheme to commit securities fraud.  According to the SEC’s allegations, the scheme involved the cell phone distributor’s purchase of a multi-year finite risk insurance policy, which enabled the company to spread a loss over several years.