Whatever one’s personal opinion about the war in Iraq—it’s justified/it’s not justified; it’s helping combat terrorism/it’s making terrorism worse; we were right to go ahead with a pre-emptive strike against a dangerous, tyrannical dictator/we were wrong to proceed without the …
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 …
In the months after the Sept. 11 terrorist attacks, the U.S. hospitality industry took a one-two punch. Travel and tourism plummeted as worried Americans canceled vacation plans and cautious businesses cut back on trips. Then, the economy sputtered, and insurance …
Bermuda-based PartnerRe Ltd. reported net income of $119.8 million, or $2.12 per share on a fully diluted basis, for the second quarter of 2004. This net income includes net after-tax realized gains on investments of $10.1 million or $0.19 per …
A financial analyst who worked near the World Trade Center is not entitled to workers’ compensation benefits for post traumatic stress disorder because he voluntarily lingered near ground zero to watch the chaos on Sept. 11, 2001, a New York …
The fund for victims of the Sept. 11 attacks has already agreed to pay out nearly $6 billion as the unprecedented program nears its final day of operation this week. The fund has paid or authorized payments totaling $5.8 billion, …
Carriers did a phenomenal job in paying the legitimate claims quickly, while taking the customary time frame needed to investigate questionable claims…There were only 27 substantiated complaints. I want to begin by extending kudos to the entire insurance industry for …
Some large brokerage firms are under siege by New York Attorney General Eliott Spitzer as his investigation scrutinizes the legality of the longstanding practice of Placement Service Agreements (PSAs). This is really about conflict of interest and disclosure. Brokers need …
The National Response Team (NRT) from the Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF), United States Justice Department along with ATF special agents from Miami, have entered the investigation of a commercial fire that occurred on Thursday morning, May …
Saying a court defeat was “not a defeat for rebuilding,” World Trade Center leaseholder Larry Silverstein has vowed to complete a rebuilding plan even after a jury ruled he could not double most of his $3.5 billion insurance policy to …
