World Trade Center News

Terrorism Tops List of Concerns for Workers’ Comp Professionals

Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas recently for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting & Conference. The two-day conference featured several panels and seminars, covering …

N.Y., Conn. Reps. File Ground Zero Worker Health Bill

U.S. Representatives Carolyn Maloney (D-NY) and Christopher Shays (R-CT) have filed legislation they say will significantly improve the way the federal government has responded to the health care needs of September 11 rescue and recovery workers and residents who live …

S&P Affirms AIG’s ‘AAA’ Ratings

To no one’s surprise Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on American International Group Inc. and similar high ratings on various AIG operating companies. It also said that the outlook on …

Silverstein Testifies at WTC Trial

Larry Silverstein was once again present in Judge Michael Mukasey’s Manhattan courtroom on Tuesday, but as a witness in the World Trade center trial rather than a participant. Even though he was not held in contempt, he’s been barred from …

Judge Bars Silverstein from WTC Trial over Remarks

Judge Michael Mukasey has come down hard on Larry Silverstein, barring him from attending the current trial over the amount of recovery for the destruction of the World Trade Center, after he reportedly violated the judge’s order to refrain from …

Terrorism and TRIA – What’s in Store for the Future’

Two years later, fate of the historic act remains unknown If a camel is a “horse made by a committee” then the Terrorism Risk Insurance Act (TRIA), passed by Congress in November 2002, is a law made by several committees. …

NYSID Selects Top 10 ‘Rotten Apples’ in 2003 Fraud Review

New York’s Superintendent of Insurance Gregory V. Serio announced the his Department’s “Top 10” list of the worst insurance fraud cases in the state for 2003. “This list of ‘Rotten Apples’ is a powerful reminder that insurance fraud is far …

S&P-WTC TRIAL WON’T ALTER RATINGS:

As the lawsuit over the amount of the recovery from destruction of World Trade Center’s twin towers plays out in Judge Michael Mukasey’s federal courtroom, Standard & Poor’s came up with another kind of verdict. The rating agency doesn’t anticipate …

Terrorism Tops List of Concerns for Workers’ Comp Professionals

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, …

Terrorism Insurance … We Can’t Risk Sitting On the Sidelines

Some have viewed this law as a bailout of a failed insurance industry; we believe just the opposite is true. When Congress passed the Terrorism Risk Insurance Act (TRIA) in 2002, some heralded the act as a panacea for providing …