The National Association of Mutual Insurance Companies (NAMIC) issued the following statement on the events of this morning. “Our focus is on the devastating loss of life, and of concern for NAMIC’s members and their insureds during this disaster,” said …
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 …
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 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 …
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 property/casualty insurance industry saw its worst second-quarter catastrophe losses in history in the period ended June 30, 2001, according to the latest A.M. Best report. Best said that catastrophe losses more than tripled during the quarter compared with the …
The National Auto Agents Alliance recently issued a statement that credit scoring is “unreliable, inaccurate, and so against public interest as to endanger the insurance industry to the wrath of the public.” In a letter to Georgia Commissioner of Insurance …
Lloyd’s of London cleared its offices in the traditional financial center in the City of London following terrorist attacks on New York City and Washington, D.C. Reuters reported that the staff of other large financial institutions were ordered to vacate …
In light of the tragic events of this morning, the Independent Insurance Agents of Houston (IIAH) announced that its legislative luncheon, scheduled for tomorrow at 11 a.m., is cancelled and will be rescheduled at a later date. The IIAH noted …
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 …
