In a letter to shareholders posted on his website Sept. 26, billionaire Warren Buffet warned of a recession, “probably a...
Terrorism News
Hartford to Raise Equity Towards Sept. 11 Losses; S&P Removes from Watch, Affirms Hartford Financial
The Hartford Financial Services Group Inc. plans to raise equity capital to replace its estimated $450 million reduction in shareholders’...
Bermuda’s Trenwick Group Ltd. announced that it has revised its overall loss estimates from the September 11 terrorist attacks from...
Standard & Poor’s announced that it has lowered its counterparty credit and insurer financial strength ratings on Denmark’s Copenhagen Re...
A preliminary report from New York City Comptroller Alan Hevesi pronounced some staggering numbers in the wake of the attack...
The National Association of Independent Insurers (NAII) offered a proposal to address risks related to terrorism and other catastrophic losses...
Aon Corporation has established the Aon Memorial Education Fund. The fund will support the educational needs of the children of...
American International Group Inc. has finalized a package to provide $1 billion of coverage per airline for war risk and...
A.M. Best Co. has placed the financial strength rating of “A-” for Shelter Reinsurance Co., Columbia, Mo., under review with...
Pennsylvania Insurance Commissioner Diane Koken admitted defeat Wednesday in her Department’s battle to rehabilitate the 184-year-old Reliance Insurance Company, when...