Chubb CEO Says Industry Is Strong, Warns That Unavailability of Reinsurance Will Jeopardize Future T October 1, 2001 Dean R. O’Hare, Chairman and CEO of The Chubb Corporation, one of the world’s leading property and casualty insurers, told...
NAIFA Joins Coalition, Takes Steps to Respond to Sept. 11 Tragedy October 1, 2001 The National Association of Insurance and Financial Advisors (NAIFA) announced further steps it is taking in response to the terrorist...
Lloyd’s Moves to Strengthen Central Fund October 1, 2001 Lloyd’s announced Friday that, in order to build up its Central Fund, it was increasing the monthly levy paid by...
Insurers Assess Possible Government Role for War, Terror Cover October 1, 2001 In the wake of the terrorist attacks on the U.S. the world’s insurers are reassessing government’s potential role as the...
Rising Loss Estimates Heighten Concern for the Stability of Some Insurance Sectors September 28, 20 September 28, 2001 In light of rising estimates of losses from the World Trade Center tragedy, some sectors of the insurance industry could...
Serio Assures Congress Industry Can Manage NY Disaster, Pays Tribute to Neil Levin September 28, 2001 Gregory V. Serio, the Superintendent of the New York State Insurance Department told the House Financial Services Committee that: “While...
NAII Urges Caution on Federal Intervention September 28, 2001 The following statement can be attributed to Carl Parks, senior vice president of government affairs for the National Association of...
Christie Pabarue: WTC Losses May Spark High Failure Rate Among Reinsurers; Additional Strain on Insu September 28, 2001 At a time when the economy is looking for significant capital investment, one of the major players, the insurance industry,...
AMR Corp. Notes Insurers Canceling Coverage September 27, 2001 AMR Corp., the parent of American Airlines, said on Tuesday that insurers are canceling its coverage for claims caused by...
Toulouse Explosion Losses May Total $840 Million September 27, 2001 AGF, the French insurance arm of Germany’s Allianz, announced that it expected total loss exposure from the explosion last Friday...