True Loss from Sept. 11 Terrorist Attacks on U.S. is Immeasurable, As Estimates of Potential Insured September 24, 2001 By Catherine Tapia “The World Trade Center is a living symbol of man’s dedication to world peace, his belief in cooperation of men...
‘Money Laundering’ Through Insurers on the Increase September 24, 2001 By Charles E. Boyle The conversion of illegal funds into legitimate accounts and investments, commonly known as “money laundering,” is a growth business. According...
Members of Premier Ins. Group on CreditWatch Neg September 24, 2001 Standard & Poor’s (S&P) placed its “A+” counterparty credit and financial strength ratings on American Excess Insurance Exchange RRG (AEIX),...
Mercury Insurance Alleges Peoria, Ill.-based Mail Order Firm Misrepresented Itself September 21, 2001 The company which provides $40 million in liability and fiduciary coverage for Foster & Gallagher Inc. claims that insurance is...
Swiss Re, Munich Re Raise Catastrophe Loss Estimates September 21, 2001 The world’s two largest reinsurance companies, Swiss Re and Munich Re, have practically doubled their estimates of potential losses and...
The Midland Company to Cease Offering Commercial Liability Coverage September 20, 2001 The Midland Company, a provider of specialty insurance products and services, announced that American Modern Insurance Group, its insurance subsidiary,...
AEGON Sees Attack Losses Below $50 Million, Less Impact on Earnings September 20, 2001 The Dutch insurer and financial services group AEGON NV, the parent company of Transamerica, said that it expected losses from...
Aon Provides Update to Clients and Stockholders September 19, 2001 Aon Corp. recently issued the following statement to its clients and stockholders from Chairman and CEO Patrick G. Ryan: “The...
HCC Comments on WTC Tragedy, Anticipated Impact on 3Q Results September 17, 2001 Stephen L. Way, chairman and CEO of HCC Insurance Holdings Inc., in commenting on Tuesday’s disaster, said, “Most importantly, let...
Hollywood and The Insurance Industry September 17, 2001 By Charles E. Boyle Once upon a time in a country far, far away, a few visionaries (and yes, a few con artists) laid...