Twenty Lloyd’s Syndicates filed a brief with the U.S. Court of Appeal on Friday in support of Swiss Re, Travelers and other insurance companies in their battle with Silverstein Properties over whether the destruction of the World Trade Center constituted …
The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was sensitive to litigation expenses, although …
The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was sensitive to litigation expenses, although …
Howard Rubenstein, a spokesman for Larry Silverstein, responded to Swiss Re’s press release of Feb. 4, that criticized Silverstein in his attempt to collect insurance money from the Sept. 11, 2001 attack on the World Trade Center. “Swiss Re’s remarks …
In a brief filed Feb. 4 with the United States Court of Appeals for the Second Circuit, Swiss Re reports in a company statement that it provides detailed, unequivocal evidence not previously presented to the public that within 24 hours …
Silverstein Properties Inc. reported Wednesday that the district judge presiding over its dispute with the insurers of the Twin Towers had granted its motion to compel Swiss Re and Allianz to produce notes of meetings held after Sept. 11, 2001 …
A.M. Best Co. announced that it has raised the financial strength rating to A (Excellent) from A- (Excellent) of U.K.-based Brit Insurance Limited (BIL), and has removed the ratings from under review status with a stable outlook. “These actions reflect …
Zurich American Insurance Company (ZAIC) has given additional details, and clarified the company’s position, on the recently filed lawsuit against Larry Silverstein and other entities in a dispute related to the destruction of the World Trade Center. (See IJ Website …
New York State Superintendent of Insurance Gregory V. Serio has submitted the NYSID’s Annual Report on the operations of the Insurance Frauds Prevention Act and the activities of the Insurance Frauds Bureau for Calendar Year 2002 to the Governor and …
Employers Reinsurance Corp., the chief operating unit of General Electric’s sprawling reinsurance empire, is facing an uncertain future. It’s been hit by the same problems as Munich Re, Swiss Re, SCOR, Gerling and other reinsurers. Growing loss estimates from Sept. …
