The Hartford estimates that its overall losses from the World Trade Center disaster will be around $440 million for the third quarter of the year, slightly down from its initial figure of $450 million. Net losses related to the terrorist …
Standard & Poor’s announced that it now considered its CreditWatch already in place on Le Mans Re to be “developing” rather than “positive” primarily due to its loss estimates from the World Trade Center disaster, which range between $38 and …
OpenFLEX Inc. will provide its Advanced Insurance Management Systems to five insurers in order to raise $500,000 to help the families of fallen colleagues at Aon and Marsh. OpenFLEX Inc. announced it will donate an *AIMS-I Policy Management Processing System …
The National Association of Insurance Commissioners intends to conduct an in depth audit of Lloyd’s financial condition following the attacks on the World Trade Center. The investigation will focus on Lloyd’s gross exposures, and the reinsurance provisions it has in …
The financial and human losses from the events of Sept. 11 continue to haunt insurance companies across the country and for that matter, the world. Following the tragedies that impacted New York City, Washington, D.C., and Pennsylvania last month, insurers …
The destruction of the twin towers of New York’s World Trade Center and the sealing off of a large portion of lower Manhattan brought hundreds of business activities to a standstill, from the local newsstand to giant corporations. This disaster …
The developer who had control of the World Trade Center at the time of the Sept. 11 attacks is seeking $7.2 billion from his insurers, double his $3.6 billion in coverage. World Trade Center leaseholder Larry Silverstein is asking Congress …
U.S. insurers completed a draft proposal on Oct. 10 for a $10 billion government-backed insurance pool that they hope will protect them from further terror attacks after the destruction of the World Trade Center. According to a Reuters report, the …
The amount of pain and suffering that people have to deal with in the normal course is already there, then it’s compounded when people show their worst side at times like this,” said John Eager, senior director of claims for …
Risk Management Solutions (RMS), the industry leader in natural hazard risk modeling, announced the release of its newly upgraded company website at www.rms.com. The new site serves as an entry point to the company’s products and services for catastrophe risk, …
