U.S. officials and insurance companies representing Sept. 11 victims are locked in an unusual legal standoff, stemming from the government’s refusal to admit it has the alleged mastermind of the attacks in custody. The insurance companies want the Justice Department …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on IPCRe Ltd. and its ‘A+’ financial strength rating on IPCRe Europe Ltd., collectively referred to as IPCRe, with a stable outlook. …
The federal jury, which began deliberations on Monday, April 19, in the first of three potential trials to determine the extent of the recovery for the destruction of the World Trade Center, has as yet reached no verdict. They will …
Marsh & McLennan Companies, Inc. reported financial results for the quarter ended March 31, 2004. Consolidated revenues increased 13 percent to $3.2 billion from $2.9 billion in the first quarter of 2003. Net income rose to $446 million, and earnings …
A man is entitled to half his son’s World Trade Center-related death benefits, even though the father abandoned him as an infant, a state appeals court decided recently. The workers’ compensation death benefit of $50,000 due Daniel Hal Crisman should …
A federal jury is expected to begin deliberations today in the case involving Swiss Re and 12 other insurers over the amount of recovery due to Silverstein Properties as compensation for the destruction of the World Trade Center. The central …
Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting & Conference. The two-day conference featured several panels and seminars, …
The Federal Emergency Management Authority has agreed to a plan that could relieve New York City of up to $350 million in costs for debris removal from the Sept. 11 terrorist attacks. The $350 million had become an issue between …
The New York Insurance Departments announced its “Top 10” list of worst cases of insurance fraud in the state for 2003: MURDER—A Brooklyn man was accused of staging an accident that resulted in the death of a Queens grandmother. He …
Carrier solvency is on the tip of everyone’s tongue. It is the one issue everyone in the industry has to be concerned about. It isn’t just the staggering record losses sustained by the industry from the 9/11 tragedy but the …
