The Port Authority of New York and New Jersey, together with World Trade Center developer Larry Silverstein, is suing seven insurers over delays in payments they say are needed to rebuild on the site of the Sept. 11, 2001 terrorist …
A lawyer asked a judge last Thursday to protect New York City and about 150 private contractors from lawsuits filed by thousands of emergency workers who got sick after working in the dust of the World Trade Center. The lawyer, …
It is ten days before your client’s multi-million dollar, world famous, music festival. You receive news that a CAT 5 hurricane is heading right for the event. If this storm hits, it will wash away equipment, fans and profits. After …
Catastrophes? Climate change? Terrorism? Are these the biggest insurance risks? Not according to insurance executives attending Standard & Poor’s Ratings Services insurance conference in New York, who poinnted to irresponsible competition as the single biggest risk impacting the insurance industry. …
The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood fantasy. Leading forecasters agree there …
Taking responsibility for levee failure ‘This is the first time that the Corps has had to stand up and say, `We’ve had a catastrophic failure.’ … Words alone will not restore trust in the Corps.” Lt. Gen. Carl Strock, Chief …
The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood fantasy. Leading forecasters agree there …
Catastrophes? Climate change? Terrorism? Are these the biggest insurance risks? Not according to insurance executives attending Standard & Poor’s Ratings Services insurance conference in New York, who poinnted to irresponsible competition as the single biggest risk impacting the insurance industry. …
At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial Lines Midyear 2006 Outlook: Sector Enjoying Exceptional Earnings,” says these …
Beazley Group plc has increased its stake to 100 percent in Asia Pacific Underwriting Agency Limited (APUA), a Hong Kong based insurance underwriting agency, that sources business throughout Asia from insurance intermediaries. The decision reflects Beazley’s drive to expand its …
