Clear and frequent communication with your insurance agent or company claims representative and thorough documentation of lost income and additional operating expenses are two important factors for businesses owners to take into account when submitting claims for damages suffered in …
The four major engines of global reinsurance–Swiss Re, General & Cologne Re, Munich Re, and Employers Re–form the backbone of a financially sound insurance response to the World Trade Center attack of Sept. 11, according to a new report published …
The Federal District Court in Manhattan would become the only court in the U.S. authorized to handle civil suits arising out of the terrorist attacks of September 11 under the legislation passed by Congress creating the emergency fund to aid …
New York City’s beleaguered Fire Department is beginning to regroup and take measures to cope with the awful consequences of the World Trade Center disaster, which, in addition to trying to refill its depleted ranks, will include an overall review …
Marsh & McLennan Cos. Inc. is forming a new firm to deal with industry cutbacks in coverage that have occurred since the Sept. 11 attacks. The new firm, to be called Axis Specialty Ltd., is being created to capitalize on …
As New Yorkers slowly began to recover from the shock and horror of the terrorist attacks on the city that destroyed the World Trade Center, the Empire State Building reopened its 86th floor observation deck to the public amid greatly …
The National Association of Insurance and Financial Advisors (NAIFA) announced further steps it is taking in response to the terrorist attacks on New York City and Washington, D.C. NAIFA has joined other leading industry organizations, including the Independent Insurance Agents …
Gregory V. Serio, the Superintendent of the New York State Insurance Department told the House Financial Services Committee that: “While none of us will ever be the same as a result of the events of September 11th, I have no …
In light of rising estimates of losses from the World Trade Center tragedy, some sectors of the insurance industry could suffer significant damage to their financial stability, according to a new assessment by Weiss Ratings Inc. Workers’ compensation insurers are …
At a time when the economy is looking for significant capital investment, one of the major players, the insurance industry, may be put on the sidelines because of losses relating to the World Trade Center, according to Bradley J. Mortensen, …
