Standard & Poor’s removed from CreditWatch and lowered its counterparty credit and senior debt ratings on New Jersey-based Chubb Corp. to “AA-” from “AA+,” its preferred stock rating to “A” from “AA-,” and its FSR on Chubb’s operating insurance companies …
The Council of Insurance Agents + Brokers released findings from a special benchmarking survey of The Council’s members. The special survey builds on The Council’s quarterly Commercial Insurance Market Index by establishing a benchmark for assessing the impact of the …
The crash on Nov. 12 of American Airlines (AA) Flight 587, an Airbus A-300-600, with the loss of all 260 people on board and five on the ground shocked New Yorkers and the rest of the nation. Coming almost two …
Just two months after the Sept. 11 terrorist attacks on the U.S., those acts and the potential for others have become a part of the collective American consciousness. And the insurance industry ranks among those most deeply impacted by the …
“The New York State Insurance Disaster Coalition (NYSID)’s masterful response to this catastrophe [the WTC attacks] proves that public and private entities working hand in hand can help mitigate even the worst events,” said National Association of Independent Insurers’ Senior …
Aon Corporation announced a new series of seminars, led by insurance and brokerage experts, that are targeted to industry leaders in order to provide an assessment of future challenges they will face. In the first such seminar held in Chicago …
Lower Manhattan has suffered a catastrophic decline in tenants seeking office space since the destruction of the World Trade Center. According to a study by Newmark & Company published in the New York Times there are 13.2 million square feet …
The man who held the master lease on the World Trade Center is standing by his claim that the loss of the Twin Towers on Sept. 11 was two losses, not one, despite the call by insurer Swiss Re that …
The term “Big Brother” has been tossed around casually since George Orwell introduced the term to the world in his novel, 1984. The concept of big government looking over the shoulder and into the bedrooms of ordinary citizens has become …
As a nation we face a great many uncertainties, stemming not only from the recent terrorist attacks on New York and Washington and the anthrax-related deaths and illnesses, but also from the current economic picture—so changed from just 12 months …
