AIG Boosts Limits for Terror as Fear Rises

The video discusses the evolution of terrorism insurance, highlighting the increase in coverage limits from $250 million to $1 billion. It explains the role of Peter Hancock in investing in engineering and reinsurance to better prepare for disasters. The video also addresses the complexities of defining terrorism, especially in cases like cyber attacks, and the government's role in providing a backstop. Finally, it examines the market trends, noting that 60% of US companies have adopted terrorism insurance, though the uptake rate remains stagnant.

What are the main reasons for the increase in terrorism insurance limits to 1 billion?

What role does reinsurance play in the context of terrorism insurance?

How does the government determine whether an incident qualifies as a terrorist attack?

What challenges do companies face when defining cyber attacks in relation to terrorism insurance?

What percentage of companies in the US are currently buying terrorism insurance, and what does this indicate about its popularity?