Terrorism News

New Markets

Terrorism Insurance Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, now provides terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, N.Y. headquarters. Dollars: Up to $50 million. …

Aon’s Rodell named CIAB chairman

Tom Rodell, resident managing director of Aon Risk Services of San Francisco, has been named the 2007 chairman of The Council of Insurance Agents & Brokers, the first person to serve twice in the key leadership position. Rodell succeeds Charles …

Declarations

“I really feel for the business owners in the heart of downtown who have fought so hard to come back after Floyd in 1999.” Virginia Gov. Timothy M. Kaine in declaring a statewide emergency after as much as 12 inches …

Figures

1696 Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights over hurricanes and terrorist attacks, according to a new survey …

New Markets

Terrorism Insurance Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, a provider of specialty insurance, is now providing terrorism insurance in the U.S. The coverage will be offered to brokers through Hiscox USA’s Armonk, N.Y., headquarters with a …

Holdouts by Allianz, Royal Slowing Rebuilding of World Trade Center

Two insurers that owe more than $800 million in payments to the World Trade Center site developer will slow rebuilding if they don’t settle a lawsuit over how to divide the money, politicians and developers said last week. The companies, …

Court Upholds Juries’ Rulings in World Trade Center Claims

A federal court has upheld the jury verdicts that recognized the two-plane terrorist attacks on the towers at the World Trade Center on Sept. 11, 2001 as a single event for some insurers and two events for others. A three-judge …

Judge Denies N.Y. City Immunity for Ground Zero Lawsuits

The city and its contractors are not immune from lawsuits brought by emergency workers sickened after toiling amid toxic dust at ground zero, a judge ruled, clearing the way for what he said should be the speedy resolution of thousands …

Swiss Re Applauds WTC Appeal Ruling

Swiss Re duly applauded the decision by the United States Court of Appeals for the Second Circuit upholding the jury verdict in favor of Swiss Re in the case of SR International Business Insurance Company Ltd. versus World Trade Center …

Indiana Insurance Hosts School Violence Seminar in Ohio, Oct. 23

Indiana Insurance, a member of Liberty Mutual Group and an insurer of public and private schools throughout the Midwest, is hosting a free, day-long seminar on Oct. 23, 2006, to help Ohio school officials develop better school safety plans. Recognizing …