Life insurance policies carried by San Bernardino shooter may be seized by US

Syed Rizwan Farook life insurance policies

This week, federal prosecutors filed a suit to be able to take control of Syed Rizwan Farook’s payouts. The life insurance policies taken out by Syed Rizwan Farook, one of the San Bernardino shooters from the attacks in December 2015, may soon be seized by the U.S. government if federal prosecutors are successful in winning the lawsuit they have now filed. This would allow the government to seize the payouts from the two insurance policies carried by the shooter. The U.S. attorney’s office in Los Angeles made the filing for…

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AIR Worldwide Updates Terrorism Model for the U.S.

NEW ORLEANS – Catastrophe risk modeling firm AIR Worldwide (AIR) released an update to its terrorism model for the United States. The model, which is used by insurers and reinsurers to assess potential losses to property and workers compensation risks, reflects less frequent and lower-severity attacks based on a reassessment of the threat by a team of leading terrorism experts. “AIR’s team of operational threat analysis experts includes the FBI’s former head of counterterrorism and members of the CIA responsible for developing terrorist group profiling,” said Jack Seaquist, assistant vice…

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