Appraisal can be readily implemented, costs less than a trial, and can often be completed within a short time, for practically any valuation dispute. As someone who makes his living representing people who sue each other, it may sound odd …
Lawyers in the second World Trade Center insurance trial clashed during opening statements in federal court this past Monday over the relevance of a boilerplate policy that defines the 2001 terrorist attack as one event. Bernard Nussbaum, a lawyer for …
Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit rating on Bermuda-based PartnerRe Ltd. (PRE) and its “AA-” counterparty credit and financial strength ratings on its subsidiaries: Partner Reinsurance Co. Ltd., Partner Re SA, and …
World Trade Center leaseholder Larry Silverstein suffered a financial blow earlier this year when a federal jury ruled that for insurance purposes, the planes hitting the twin towers on Sept. 11, 2001, constituted one event — not two. His lawyers …
As someone who makes his living representing people who sue each other, it may sound odd for me to say, but it’s true—a lawsuit is not the answer to every dispute. A case in point is a typical dispute over …
Kelley Touts Innovation as Core Competitive Advantage Lexington Insurance Co., the excess and surplus line subisidiary of the American International Group, has been the leader in the domestic E&S market for decades now. The company has leveraged its astounding financial …
Workers at the World Trade Center site developed respiratory problems that lasted more than a year after the Sept. 11, 2001, terrorist attacks—much longer than health officials had anticipated, according to a government study. Nearly three years later, many of …
The government agency that owns the World Trade Center site said it intends to hold Saudi Arabia and nearly 100 other defendants liable for the Sept. 11, 2001, terrorist attacks that killed nearly 3,000 people and destroyed the complex. The …
Jeff Greenberg Marsh & McLennan Companies Chairman and CEO Jeff Greenberg remembers all too well those images of Sept. 11, 2001. Greenberg knew something had gone terribly wrong in New York City that Tuesday morning. He recently chatted in an …
Robert Hartwig, senior vice president and chief economist for the Insurance Information Institute (I.I.I.), knows that while Tuesday, Sept. 11, 2001, will never be forgotten both inside and outside the insurance industry, the industry has picked itself up and continues …
