A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord Levene, Chairman of Lloyd’s, warned insurers today in Cambridge, …
The Dallas office of Palmer & Cay reported that Lesa Blaser, vice president of Private Accounts, was awarded the 1st Annual JoAnn Heltibridle Award for Professional Excellence. The award recognizes an outstanding individual in the private client high net worth …
With the recent news that some insurers will be liable for “two events” relating to the World Trade Center attacks on Sept. 11, many in the insurance world have focused their attention to the “number of occurrences” question. Historically, there …
The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came through in solid …
A New York court denied workers’ compensation benefits for a World Trade Center official who rushed from home on Sept. 11, 2001, to help rescue victims of the terrorist attack, saying he was ineligible because he had not been ordered …
This year will no doubt go down in insurance history as a year to remember. For the most part, the year slid by with minimal excitement … that was until the fall of 2004 when the industry was hit by …
Leaving aside the insurance brokerage compensation investigations, the World Trade Center trial, the St. Paul-Travelers merger and the UnumProvident settlement, all of which have their roots in this region but grew to become national insurance stories; and bypassing most reform …
Larry Silverstein’s long and seemingly quixotic battle to collect twice from the same insurance loss has paid off with his first big win, as a jury ruled that the World Trade Center attacks did indeed constitute two occurrences. This may …
The second of three scheduled trials to determine the amount of the recovery for the destruction of the World Trade Center’s twin towers ended in a victory for master lease holder Silverstein Properties, and its head Larry Silverstein. In the …
Standard & Poor’s Ratings Services announced that it has reviewed the potential impact of the recent federal jury decision in New York that the 2001 terrorist attack on the World Trade Center was–for insurance purposes–two separate events rather than one. …
