RLI Corp. executives said that the company does not expect a significant number of insurance claims from Tuesday’s attacks in New York City and Washington, D.C. The company has a limited number of risks in these metropolitan areas. “While we …
The Lloyd’s of London insurance market have cautioned that any specific estimate of the absolute cost in financial terms for the insurance industry of yesterday’s tragedy in the United States is highly speculative and unwise at this stage. Saxon Riley, …
The day after the Sept. 11 terrorist attacks on the U.S, insurance stocks fell significantly in international trading. The DJ Stoxx insurance index reportedly fell to a three-year low at 8:27 a.m. EDT, following a 13 percent drop on Tuesday. …
No words will ever be able to fully convey the shock and the stunned incredulity around the world as yesterday’s terrorist attacks unfolded on television screens across the globe. Live coverage on French television began shortly after the first aircraft …
The New York Stock Exchange indicated that it would not resume trade on Wednesday. Reuters reported that U.S. stock markets had been shut down in the wake of terrorist attacks on New York’s World Trade Center and the U.S. Pentagon …
RLI Corp.’s New York City office, housed in the North Tower of the World Trade Center, has closed due to this morning’s damage to that building. All RLI personnel operating from that office have been accounted for, according to the …
Terrorists crashed two hijacked planes into the World Trade Center this morning, causing countless deaths and untold damage as the twin 110-story towers collapsed. The crashes occurred minutes apart just before 9 a.m., and were followed soon after by a …
The horrible terrorist attacks on the World Trade Center towers will be the most costly man-made catastrophe in U.S. history, according to the Insurance Information Institute. Insured losses are likely to be in the billions of dollars, but it will …
The Independent Insurance Agents of America (IIAA) released a statement expressing its heart-felt condolences to the victims and their families. IIAA and the Independent Insurance Agents Association of New York (IIAANY) are working together to coordinate the agent community response …
The National Association of Professional Surplus Lines Offices cancelled its Annual Convention in San Antonio, Texas, due to the conditions created by the attack on the World Trade Center and other buildings. The convention was scheduled for Sept. 12-16 with …
