Course Offering On Terrorism Impact
|NU Online News Service, July 17, 9:32 a.m.EST?A continuing education course on insurance issuesrelated to terrorism is being offered to Insurance Brokers andAgents of the West membership, it was announced.
|The Insurance Skills Center of Huntington Beach, Calif., whichwill conduct the course offerings, said they will be good forcredit in four western states.
|The Center noted that the Sept. 11 attacks were the mostexpensive loss in the history of the insurance industry, with 100insurers around the globe expected to pay an estimated $40 billionor more in the course of settling claims.
|IAB of the West said the ISC "Terrorism and Insurance" courseshould give agents and brokers more understanding about theimplications of 9/11.
|ISC said it has filed with the departments of insurance inCalifornia, Nevada, Oregon and Washington state for the course toreceive four continuing education credits. Approval for credit hasbeen received from California and Washington and is pending in theother states.
|ISC said the courses would briefly explore the issues related toterrorism, war risk and hostile acts from a historical perspective.Participants will look at the coverage and exclusions as they haveemerged in the various markets of insurance and reinsurance:marine, aviation, transit, property, liability, life, health andaccident insurance.
|A discussion on issues such as adding terrorism to CAT plans andrecent federal and state legislation is also planned.
|ISC said that with the current market for terrorism insurancecovering commercial properties in a state of flux, instructorswould introduce various perspectives from some leading re-insurersregarding their thoughts and solutions.
|The class will conclude, ISC said, with an overview of currentunderwriting philosophies and risk management procedures, and willdemonstrate how those areas of loss control and risk transfer arechanging.
|Courses are planned to begin in four locations:
|? July 19: Bellevue, Wash.
|? Aug 8: West Los Angeles, Calif.
|? Dec. 10: San Francisco.
|? Dec. 12: Diamond Bar, Calif.
|A companion class on "Construction Defect Issues" is also beingoffered.
|More information is available at www.insuranceskillscenter.com.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
