Both France’s AXA Group and Germany’s Allianz AG, the world’s two largest insurance groups, raised their original estimates of potential losses from the terrorist attacks of Sept. 11 in the U.S. (See IJ Website Sept. 14) AXA’s net pretax loss …
The governments of the U.S., the U.K. and the European Union rode to the rescue of the airline industry over the weekend when they announced separate decisions to help carriers cope with increases in premiums covering war risks and terrorist …
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 …
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 …
The Los Angeles Chapter of CPCU announced that their October Meeting will feature Michael Pollak, founding partner of Pollak, Vida and Fisher, Attorneys At Law. Pollak has practiced law since 1979 and has worked with numerous insurance companies to defend …
On Sept. 20, California Insurance Commissioner Harry W. Low released the following announcement: “When I took office as California Insurance Commissioner last September, I made a commitment to myself and to the citizens of California to return integrity to the …
The Kemper Insurance Companies announced that it expects its pre-tax losses from the Tuesday, Sept. 11 terrorist attack to be $60 million to $80 million, net of reinsurance arrangements. David B. Mathis, Kemper chairman and CEO, said Kemper is among …
A.M. Best Co. announced that its conference, “E-Fusion: Finding the E-Payoff,” originally set for Oct. 21 to 23, 2001, has been rescheduled. The new date is Sept. 29 to Oct. 1, 2002, at the J.W. Marriott hotel in Washington, D.C., …
The Independent Insurance Agents of America’s (IIAA) Virtual University has established an insurance industry resource page to explain the insurance implications of the recent tragedies in New York and Washington D.C. “We are temporarily replacing the Virtual University home page …
The National Association of Mutual Insurance Companies (NAMIC) issued the following comment on a letter recently sent by the House Committee on Financial Services to the president of the National Association of Insurance Commissioners. (See insurancejournal.com National headlines, Sept. 20, …
