Security 500 conference     

 Don’t miss the networking event of the year for security executives!
Register today for the Security 500 Conference.

Case Studies (Services) / Services Products / Industry Innovations

Demand for Terrorism Risk Insurance Continues

The number of companies purchasing terrorism insurance has remained constant

June 1, 2014
Trans

The number of companies purchasing terrorism insurance has remained constant – in the mid-60 percent range – since 2009, according to insurance broker Marsh’s 2014 Terrorism Risk Insurance Report.

Education organizations purchase property terrorism insurance at a higher rate (81 percent), and health care organizations, financial institutions and media companies follow up, with rates all above 70 percent.

Massachusetts has the highest rate of property terrorism insurance take-up (84 percent), followed by Maryland at 81 percent. Hawaii has the lowest rate – 36 percent. Construction companies paid the most for terrorism insurance in 2013, a median rate of $66 per million of total insured value (TIV), and health care companies paid the least – merely $14 per million of TIV. For enterprises with TIVs of more than $1 billion, median rates fell slightly from $19 per million in 2013 to $18 per million now. 

Did you enjoy this article? Click here to subscribe to Security Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASIS 2013 Product Preview

ASIS International 59th Annual Seminar and Exhibits, September 24-27 in Chicago, Illinois, will include an exhibit hall packed with innovative security solutions. Here are some of the products that will be shown at ASIS this year.

Podcasts

Virtualization and Data Center Security: What You Need to Know for 2014

Data centers are increasingly becoming the center of the enterprise, and data center and cyber security is following the same path for security departments. According to Justin Flynn, a consultant at the Burwood Group, the virtualization of data centers allows enterprises to scale more easily and faster, with a smaller footprint.

However, hosting enterprise data in the cloud can make intrusion detection more difficult – how can enterprise security leaders team up with other departments to keep aware of cyber risks and traffic, and physical and data compliance during the virtual transition? How can CISOs and CSOs discuss cyber threats with the C-Suite to get the resources they need? And how can the proper infrastructure test and verify possible malicious attacks? 

More Podcasts

Security Magazine

2014 November cover of Security Magazine

2014 November

Don't miss our 2014 Security 500 issue, with rankings, data on sectors, and other security benchmarkings, all contained within this November 2014 edition of Security magazine. Also, (re)learn the basics of lobby security and how to make the highest impact retrofit for your budget.
Table Of Contents Subscribe

Travel & the Ebola Risk

Are you and your enterprise restricting travel due to Ebola risks?
View Results Poll Archive

THE SECURITY STORE

comptiahighriseproductphoto
CompTIA Security+ Certification Study Guide
CompTIA's Security+ certification is a globally-recognized, vendor neutral exam that has helped over 60,000 IT professionals reach further and higher in their careers. The current Security+ exam (SY0-201) focuses more on being able to deal with security issues rather than just identifying them.
More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube  LinkedIn logo 40px 2-12-13Google+

Vertical Sector Focus: Critical Infrastructures

criticalhomepagethumbFrom terrorism to vandalism, it’s preparedness, response, training and partnerships. Learn about some of the critical security issues facing this sector.

Visit the Critical Infrastructure page to read more.