Silverstein Properties responded to Swiss Re’s declaratory relief action on Wednesday with a renewed demand for payment in order to begin the reconstruction of the World Trade Center. Larry Silverstein strongly disagrees with Swiss Re’s position that the attacks of …
Swiss Re advanced its share of a $75-million initial payment to speed the process of paying its insurance claims from the World Trade Center terrorist attacks. According to Jacques Dubois, CEO and president of Swiss Re America Holding Corp., Swiss …
Insurer American Financial Group Inc. said Nov. 2 its quarterly loss widened because of losses from asbestos and the Sept. 11 attacks, and that it plans to cut its annual dividend in half. It also forecast 2002 earnings within Wall …
Silverstein Properties, the master lease holder on the World Trade Center, has filed suit in Federal District Court against Bermuda-based ACE Ltd. and XL Capital in an effort to prevent their plans to begin arbitration proceedings in London concerning the …
Property insurance claims from the Sept. 11 attacks are worth $16.6 billion and rising, according to the first estimate from the main U.S. claims tallying service. According to a Reuters report, that would make the destruction of the World Trade …
The Hartford Financial Services Group, whose NY offices at 7 World Trade Center were destroyed in the Sept. 11 attacks, announced that it has moved into new permanent office space at 2 Park Avenue in midtown Manhattan. Hartford’s NYC regional …
Standard & Poor’s recently announced that reinsurers are reducing their emphasis on long-standing client relationships and adopting a more clinical approach to underwriting, as both the insurance and reinsurance markets scrutinize their profitability in the wake of the World Trade …
Despite the record losses terrorism wreaked on the insurance industry since the Sept. 11 attacks on the World Trade Center, the global insurance business not only remains on solid footing with the powerful backing of European and U.S. reinsurance giants …
National Indemnity Co., a wholly owned subsidiary of the Berkshire Hathaway Group, has concluded an insurance package with FIFA, soccer football’s governing body, to insure next summer’s World Cup Finals in Japan and Korea against risks of cancellation. NI replaces …
The New York State Insurance Dept. announced that consumers can now file insurance complaints against companies, agents, brokers and others holding State licenses on its Web site. “The on-line complaint form was developed to provide improved responsiveness to meet the …
