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...
The Role of Reinsurance in the World TradeCenter Attacks September 24, 2001 By Andrew J. Barile The business of reinsurance is a comparatively small but integral part of the overall insurance industry. Simply defined, reinsurance is...
Fitch Assesses Insurer/Reinsurer Loss Exposures to U.S. Attacks September 19, 2001 Fitch announced that, while it is too soon to draw solid conclusions, it believes that a vast majority of the...
‘You’ve Come a Long Way, Baby.’ September 17, 2001 By Stephanie K. Jones The above phrase, first linked to cigarette ads, could be dismissed as politically incorrect, with its implication that females are...
S&P: Insurance Industry Not Crippled by WTC Attack September 17, 2001 Standard & Poor’s announced that the direct financial losses relating to the disasters will in all likelihood exceed the largest...
Terrorist Attack Likely to Have Modest Impact on Property Insurers, Weiss Says September 14, 2001 Although Tuesday’s terrorist attack on the World Trade Center building is a terribly tragic event, the impact on the property...
NAII Releases Follow-Up on Insurance Ramifications of Attack September 13, 2001 As rescue efforts continue in lower Manhattan, Washington, D.C., and Pennsylvania, catastrophe teams from property/casualty insurance companies are poised to...
Trinom Ltd. Catastrophe-Linked Notes Rated September 10, 2001 Fitch has assigned a “BB-” rating to the $60 million of class A-1 catastrophe-linked notes and a “BB” rating to...
RMS Upgrades Hawaii Hurricane Model for Insurance Market August 22, 2001 Risk Management Solutions (RMS), industry leader in the area of natural hazard risk modeling, announced the latest release of its...
Fewer Storms in 2Q Amount to Big Losses for Insurers August 20, 2001 By Dave Thomas Sometimes less does mean more. While there were fewer catastrophes for the second quarter of 2001 compared to recent years,...