National News for September 2001 Rising Loss Estimates Heighten Concern for the Stability of Some Insurance Sectors September 28, 20 NAII Urges Caution on Federal Intervention Christie Pabarue: WTC Losses May Spark High Failure Rate Among Reinsurers; Additional Strain on Insu Erie Indemnity Estimates Exposure from National Tragedy Chubb Introduces Comprehensive EPL Loss Prevention Program NAIC Donates $10,000 to Honor Former NY Ins. Superintendent Lost in Disaster NAMIC Commends Financial Services Committee for Hearing AMR Corp. Notes Insurers Canceling Coverage The Hartford Extends Premium Payments in Light of Terrorist Attacks Baldwin & Lyons Inc. Reports Losses Relating to World Trade Center Number of Defective Product Inspections Per Month Increases NAIC To Hold Summit to Discuss Terrorist Attacks Fitch Completes Ratings Analysis Following Terrorist Attacks White House Notes Insurance Executives Did Not Seek Public Funds NAIC Agrees with Congressional Committee’s Stance Regarding Sept. 11 Tragedy Zurich North America Will Not Invoke ‘Act of War’ Exclusions S&P Watching Hartford Following Disaster American Financial Group Issues Preliminary Estimate on Recent New York City Tragedy September 25, 2 Navigators Estimates Losses from Terrorist Attack IMMA Board Votes to Cancel 2001 Annual Conference Chubb Subsidiaries Placed on Negative Watch Insurance Leaders Meet with President Bush to Discuss State of Industry Cost of Business Interruption Claims from Terrorist Attacks May Take Months to Determine September A.M. Best Expects Industry Losses to Exceed The St. Paul Cos. Expects Net Pretax Losses of $700M from Attacks Fitch Puts Markel Corp. on Rating Watch Negative CNA Sees Pre-Tax Losses of Up to $350 Million NAMIC Responds to House Committee: ‘Insurance Employees are Patriotic Americans’ IIAA Establishes Industry Disaster Resource Website A.M. Best Cancels, Reschedules Annual E-Fusion Information & Technology Conference September 21, 20 Kemper Estimates Net Losses from Sept. 11 Terrorist Attacks to be $60M-$80M Liberty Mutual Group Expects $200M-$300M Loss from Terrorist Attacks Congressional Leaders Urge Industry to ‘Fulfill The Hartford Estimates Losses from Terrorist Attack Could Approach $450M S&P Warns of Negative Rating Implications Fitch Assesses Insurer/Reinsurer Loss Exposures to U.S. Attacks Workers’ Comp Insurers to Play Integral Role in Tragedy’s Aftermath Aon Provides Update to Clients and Stockholders AON Says It Still Can’t Account for About 200 Employees Insurers Will Do ‘Everything Within Their Power’ to Ease Claims Process in WTC Disaster September 1 St. Paul Re’s New York Operations Continue from Morristown, N.J. CIAB Cancels Insurance Leadership Forum NAIC Cancels Fall National Meeting in Boston AIG Issues Preliminary Estimate of Losses Resulting from Terrorist Attacks By Charles E. Boyle Sep S&P: Insurance Industry Not Crippled by WTC Attack IIAA, New York Association Establish America’s Survivor Relief Fund HCC Comments on WTC Tragedy, Anticipated Impact on 3Q Results Odyssey Re Reports Preliminary Estimate of Exposure From Terrorist Attacks GMAC Issues Statement Regarding Exposure in Connection with WTC Properties ACE Ltd. Evaluates Exposure in the Wake of Terrorist Attacks The St. Paul Cos. Issues Statement on Sept. 11 Attacks Midway Airlines Ceases Operations Following Terrorist Attacks SCPIE Operations Not Affected by Loss of Office Insurance Companies Had Major Presence in World Trade Center Aon 2001 Resource Fair Cancelled Insurance Technologies Postpones 2001 User Conference Lutine Bell Rung for Victims of U.S. Terror Attacks NAMIC Annual Convention Cancelled in Face Global Insurance System Has Financial Strength to Handle Losses, I.I.I. Says Terrorist Attack Likely to Have Modest Impact on Property Insurers, Weiss Says MMC Working to Locate Employees, 1,300 Reported Safe SCOR Group Issues Statement on Tragedy Collection at Conference & Expo 2001 for Victims of Terrorist Attack Chubb Announcement Regarding Sept. 11 Tragedies Officials Begin to Assess the Damage as Smoke Clears, Casualties Mount Majority of Aon Employees Safe, Company Reports NAII Releases Follow-Up on Insurance Ramifications of Attack RLI Expects Limited Losses, Is Fully Operational The Hartford Is Ready to Assist Customers Affected by Terrorist Attacks Lloyd’s Says Estimates of Total U.S. Damage ‘Deeply Flawed’ International Insurance Stocks Plunge for IIAA Expresses Condolences, IIAANY Coordinates Agent Community Response NAPSLO Cancels Annual Convention NAMIC May Cancel Convention in Wake of Disaster Insurance Stocks Pummeled in International Trade, NYSE Will Not Resume Trade Wednesday September 11 NAII Comments on Terrorist Attacks RLI Corp. World Trade Center Office Closed IIAH Cancels Legislative Luncheon Lloyd’s of London Evacuates Office Towers Following U.S. Terrorist Attacks Use of Credit Scoring is ‘Unreliable, Inaccurate,’ NAAA Believes A.M. Best Releases 6-Month Property/Casualty Results Terrorist Acts Strike New York and Washington World Trade Center Attacks Will Be the Most Costly Man-Made Disaster in U.S. History, Insurance Info Online Insurance Marketplaces Going After Small Business, IDC Reports Frontier Pacific Insurance Co. Conserved Fear of the Unknown–The Mold Issue Raises More Questions Than Answers (Part II) By Catherine Tapia Use of Credit Scoring is ‘Unreliable, Inaccurate,’ NAAA Believes Kingsway Expands Nonstandard Auto in U.S. Progressive Survey: Nearly 1 in 10 Consumers Likely to Commit Insurance Fraud HCC to Enter Surety Market AIG Cuts Staff, Announces Management Changes After Am Gen Integration NAMIC Launches MoldUpdate.com NAMIC Launches MoldUpdate.com The St. Paul Revamps Marine General Liability Product New SAFECO CIO Focused on Innovation in Technology New SAFECO CIO Focused on Innovation in Technology NAMIC to Host 106th Annual Convention in Washington, D.C. PLUS Introduces Computer-Based Testing for RPLU Program Courts Continue to Reject Diminished Value Concept in Class Actions INSpire Reaches Settlement of Suit Against Motors Insurance and GMAC Farmers Insurance Group Recognized by NFIP Fireman’s Fund Insurance Selects CGI for 10-Year IT Outsourcing Insurity Releases Web Interface for Commercial Intellisys National News Archives
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