Tuesday’s tragedy wiped out 20 percent of downtown New York’s Office space, and an even larger number of technologically sophisticated facilities, leaving displaced companies scrambling to find temporary quarters in order to resume their operations. Until they can begin operating …
In a written statement Insurance Information Institute head Gordon Stewart called insurance “vital to society,” and indicated that “without insurance, it would be impossible to recover from this disaster. Insurers are committed to the rebuilding of New York City.” The …
SCPIE Holdings Inc., one of the nation’s leading providers of healthcare liability insurance, announced that its operations have not been affected by the tragic attack on the World Trade Center. Although the company’s reinsurance operations were headquartered in the North …
In light of the horrendous tragedy in New York, the American Agents Alliance will be taking a collection at Conference & Expo 2001 to benefit victims and their loved ones. This collection will be taken on Sunday, Sept. 23 and …
Paris-based SCOR Group, whose American subsidiary occupied Floors 23-24 in the South Tower of the World Trade Center, issued the following statement: “SCOR Group would firstly like to express its sympathy to the staff of those companies present in the …
Jeff Greenberg, chairman of Marsh & McLennan Co., issued the following statement yesterday: “Approximately 1,700 of our people – from Marsh, Mercer, Guy Carpenter, Seabury & Smith, and MMC Enterprise risk – worked at the World Trade Center. It appears …
Although Tuesday’s terrorist attack on the World Trade Center building is a terribly tragic event, the impact on the property insurance industry is likely to be modest, according to a preliminary analysis by Weiss Ratings Inc., a provider of independent …
The global insurance system has the financial strength to handle the losses from the terrorist attacks of Sept. 11, according to the Insurance Information Institute (I.I.I.). Insurance losses from the attacks will be shared throughout the worldwide insurance and reinsurance …
The National Association of Mutual Insurance Companies (NAMIC) Board of Directors voted to cancel its 106th annual convention in the wake of Tuesday’s tragic events in New York City and Washington, D.C. The event was originally scheduled for Sept. 23-26, …
Underwriters and insurance brokers gathered in the Lloyd’s Building in London yesterday to hear the Lutine Bell rung in memory of the victims of this week’s terror attacks in the United States. The bell was rung twice — to mark …
