Terrorism Risk and Insurance

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Edwards Wildman partner Vince Vitkowsky authored an article that is part of Business Insurance’s March 19, 2012 special edition on Cyber Risks.  In the article, which you can read here, he addresses cyber attacks with physical effects, which are coming to be referred to as “Industrial Threats.” …
Read More Industrial Threat Cyber Attacks Challenge Business

In a decision likely to impact foreign nationals as well as airlines, airports, and related insurers, the 9th Circuit Court of Appeals recently affirmed a lower court ruling which held that a Malaysian citizen studying in the U.S. has legal standing to sue in U.S. courts to challenge the mistaken presence of her name on the No-Fly List. …
Read More Ninth Circuit Affirms Foreign Nationals’ Standing to Challenge “No-Fly List” Inclusion

The Seventh Annual American Bar Association Homeland Security Law Institute is taking place in Washington DC on March 22 and 23, 2012.  The Institute addresses a wide range of subjects of interest to the private and public sectors, many of which are directly relevant to the insurance industry. …
Read More Two Edwards Wildman LLP Partners on Panel at ABA Homeland Security Law Institute

EAPD’s Vincent Vitkowsky authored an article that is part of Business Insurance’s special edition about the impact and ramifications of 9/11 on the insurance industry. …
Read More Ten Years Later – The Insurance Industry’s Fight Against Terrorism

Edwards Angell Palmer & Dodge is holding a Complimentary Webinar entitled Suspicious Activity Reports:  How and When to Write Them, on December 16, 2012 from noon to 1:00 PM EST. …
Read More Complimentary Webinar entitled Suspicious Activity Reports: How and When to Write Them

The New York Times and its reporter Ron Nixon (collectively the “Times”) brought an action pursuant to the Freedom of Information Act (the “Act”) against the United States Treasury in the New York Southern District court.  The Times sought to compel the Treasury Department to release the names of individuals who had been granted licenses by the Department’s Office of Foreign Assets Control (“OFAC”) to conduct business in or with foreign countries that would otherwise be unlawful under OFAC’s economic sanctions programs. …
Read More New York Court Compels Treasury Department to Release Identity of OFAC Licensees

On September 29, the Washington Post and New York Times reported that the United States Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued a proposal this week that would require US banks to report all electronic money transfers into and out of the United States. James Freis Jr., director of the FinCEN, explained that the proposal would “greatly assist law enforcement in detecting and ferreting out transnational organized crime, multinational drug cartels, terrorist financing and international tax evasion.” …
Read More Treasury Department Proposes a Plan that Would Require US Banks to Report All Overseas Money Transfers

The Massachusetts Joint Committee on Financial Services recently held a hearing regarding H.B. 960 (the “Bill”), which would permit commercial fire policyholders to exclude terrorism from their coverage. …
Read More Massachusetts May Permit Exclusion Of Terrorism From Commercial Fire Policies

Aon recently released an updated “Terrorism Threat Map” in which it indicates the current threat of terrorist attacks across the world.  The Map shows a trend towards fewer terrorist attacks in the Middle East but increased activity in southeast Asia. …
Read More Aon’s Terrorism Threat Map Identifies a Shift in Terrorism Risk