Saudi Arabia News

ATLA Blasts Greenberg for Terrorist Remark; TTLA Follows Suit

The Association of Trial Lawyers of America (ATLA) announced it has demanded a retraction and an apology from American Insurance Group CEO Maurice “Hank” Greenberg for calling them “terrorist trial lawyers” in a speech in Boston speech of Feb. 24, …

INSURERS SUE TERROR SUPPORTERS FOR 9/11 LOSSES

Dozens of insurance companies, acting as members of five large insurance groups—Chubb, American Re, Zurich American, One Beacon and Crum & Forster—have filed a lawsuit in two cities against Al Qaida and other terrorist organizations to recover billions of dollars …

Insurers Sue Terror Supporters for 9/11 Losses

Dozens of insurance companies, acting as members of five large insurance groups—Chubb, American Re, Zurich American, One Beacon and Crum & Forster—have filed a lawsuit in two cities against Al Qaida and other terrorist organizations to recover billions of dollars …

War in Iraq: The Known and Unknown Consequences for the Industry

As President Bush and his advisors made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge – “Cry ‘Havoc!’ and …

War in Iraq: The Known and Unknown Consequences

As President Bush and his advisers made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge, “Cry ‘Havoc!’ and let …

No Cancellations on Gulf Related Coverage – Yet, But Insurers Warn of Surcharges

Despite the onset of the long anticipated war with Iraq, there have as yet been no outright cancellations of coverage relating to the Persian Gulf Region. Many insurance companies, however, have warned that they will impose surcharges for airlines and …

Workers’ Comp Coverage Varies for Civilian Workers Injured in Acts of War

Military personnel depend on the U.S. government for compensation, but for civilians who may be subject to war risk while living or traveling abroad, the issue is not so cut-and-dried, according to the National Association of Independent Insurers (NAII). The …

A Time for Calm

A formal declaration notwithstanding, the United States must prepare to stamp out organized terrorism. This will have a profound impact on the global insurance industry well beyond the estimated billions in losses from the attacks in New York City and …