No words will ever be able to fully convey the shock and the stunned incredulity around the world as the Sept. 11th terrorist attacks unfolded on television screens across the globe. Live coverage on French television began shortly after the …
The next challenge is to educate independent agents in those respective markets about the value of the Liberty Mutual brand and how this helps everyone.” That was the response of a company spokesman from Liberty Mutual Group following the announced …
SAFECO stated on Sept. 20 that its primary insurance lines will likely incur losses of $25 million due to the Sept. 11 attacks that destroyed the World Trade Center and part of the Pentagon. The Seattle-based company, which has more …
America has witnessed an outpouring of emotion and a desire to help after the tragic events of Sept. 11. Following is a list of national facilities and some of the efforts made by insurance organizations to assist in the relief …
They say we do not know what we have until it’s gone. As Americans, we have been wrenched from our insulated lives and plunged into something much greater than ourselves. But the love we have for our country has never …
The business of reinsurance is a comparatively small but integral part of the overall insurance industry. Simply defined, reinsurance is transacted on the basis of one insurance company, the “reinsurer,” agreeing to indemnify another insurance company, the “reinsured,” for all …
The large number of businesses affected by the terrorist attacks combined with the length of time it will take to repair the damages means that it may take several months before an accurate estimate on business interruption losses can be …
Chicago-based CNA Financial Corp., the No. 2 U.S. business insurer, said its losses from the Sept. 11 attacks on the World Trade Center and the Pentagon could reach $350 million on a pre-tax basis. CNA said the projected losses are …
the New York State Insurance Department moved to speed up the payment of life benefits to the families of the victims of the World Trade Center disaster by ordering insurers licensed in the state to waive the need for the …
Philadelphia Consolidated Holding Corp.(PCHC) of Bala Cynwyd Penna. announced that the it expected net pretax losses resulting from the terrorist attacks on the World Trade Center to be between $1.5 and $2 million. The losses, mainly from business interruption coverage …
