Due to the tragic and unprecedented events in our nation this week, Insurance Technologies (IT), the premier provider of point-of-sale management software for the financial services industry, announced that it will postpone its User Conference, which was previously scheduled for …
Jerry Tegan, president and CEO of Aon Specialty Product Network, released the following statement on Sept. 12: “As each of you know, we had a very devastating day in this country yesterday and certainly at Aon. Aon occupied several floors …
While a myriad of businesses called the Twin Towers of the World Trade Center home, insurance companies were particularly hard hit with Tuesday’s terrorist attack on the 110-story landmarks. The following is a list of some of the companies and …
France’s AXA Group announced that its 1st half earnings had reached €1.222 billion ($1.11 billion) a 12.4 percent increase over comparable figures for the year 2000. The company noted that its buyout of the minority shares of AXA Financial in …
AIG CEO Maurice “Hank” Greenberg followed up his statement on Wednesday in which he said that “These attacks are an enormous human and national tragedy,” with the reassurance that “We remain intensely focused on providing immediate assistance and relief to …
As messages of sympathy continued to pour in from around the world, the global insurance industry began facing up to the daunting task of paying claims on what most observers believe will be the largest insured loss ever suffered. Initial …
Dean R. O’Hare, Chairman and CEO of The Chubb Corporation stated, “The tragic terrorist attacks on the World Trade Center and elsewhere in the United States are almost beyond comprehension. We extend our deepest sympathy to the families of those …
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. …
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 Hartford Financial Services Group announced that it has a catastrophe team in place at its Shelton, Conn., claim center, ready to move closer to New York when possible. Additionally, the company has claim adjusters located throughout the country, ready …
