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9/11, COVID and the insurance industry
John Head, Wes Robinson and Bill Wilkinson | September 10, 2021
Reviewing both events can offer tips for managing future unprecedented events.
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House passes $1.4T spending bill reauthorizing TRIA, NFIP and repealing Cadillac Tax
Danielle Ling | December 18, 2019
Major insurance industry groups and representatives hailed the three insurance-related provisions included in the bill.
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More first responders have died from 9/11-related illnesses than on 9/11
Denny Jacob | September 11, 2019
To date, 241 members of the NYPD have died of 9/11-related illnesses — more than 10 times the number of police officers who died in the attack.
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Judge dismisses 138 suits by 9/11 workers targeting Battery Park City Authority
Tom McParland | September 11, 2019
These cases, dismissed on Aug. 30, were the last of about 11,000 suits that had been filed over 9/11 cleanup work.
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9/11, terrorism and insurance: How TRIA came to be, and what happens if it expires
Danielle Ling | September 11, 2019
The Terrorism Risk Insurance Act (TRIA) expires Dec. 31, 2020. What would happen if Congress fails to reauthorize it?
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Gov. Cuomo signs legislation to give benefits for 9/11 volunteers, workers
Denny Jacob | September 12, 2018
The extension allows more individuals additional time to file for workers' comp., disability and accident death benefits.
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Insurers allege a Saudi bank 'aided and abetted' in 9/11 attacks
Steven A. Meyerowitz | October 31, 2019
A court has reinstated an insurers’ suit against Al Rajhi Bank stemming from the 9/11 terrorist attacks.
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9/11 insurers move closer to $221.5 million award against Iran
Steven A. Meyerowitz, Esq. | December 20, 2017
A judge has recommended that the Islamic Republic of Iran pay $221,505,968.40 to insurers that made payments to their insureds for property damage and other claims arising from the 9/11 terrorist attacks.
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NY high court gives OK for 9/11 cleanup crews to sue over asbestos exposure
Josefa Velasquez | November 28, 2017
The states Court of Appeals ruled that the Battery Park City Authority is a government entity and didnt have legal standing to challenge Jimmy Nolans Law.
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Preserving our memories of September 11
Patrick Albrecht | September 11, 2017
One insurance professional, who was in the Air Force Reserve, shares his memories of Sept. 11 and its aftermath.
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9/11 Tribute Museum opens in new location
Denny Jacob, Rosalie L. Donlon | June 14, 2017
9/11 Tribute Museum opens new location in New York, thanks to sponsors including Zurich NA.
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9/11 attacks 15 years later: A look at losses by the numbers
Jayleen R. Heft | September 07, 2016
For property and casualty insurers and reinsurers, the impact of the 9/11 terrorist attacks was enormous, producing insured losses over $43 billion in 2015 dollars.
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Remembering September 11th
Patricia Harman | September 11, 2015
Over a decade later, the sights and memories of that day are still very real.
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9/11 Insurers Lose Subrogation Bid Against 7 World Trade Center
Steven A. Meyerowitz, Esq., Director, FC&S Legal | December 10, 2013
The U.S. Court of Appeals for the Second Circuit has upheld the dismissal of a subrogation action brought by insurance companies against the entities that designed, built, operated, and maintained 7 World Trade Center in Manhattan.
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Insurers Could Pay More for 9/11 Terror Attack
Mark E. Ruquet | September 13, 2012
Insurers exposure to the 9/11 terrorist attacks has not gone away, as the owners of the World Trade Center continue to seek recoveries from that tragic event in federal court.
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State Farm Teams with Spike Lee for Sept. 11 Tribute
Staff Writer | September 12, 2011
To send a "thank you" to the heroes of Sept. 11, 2001 and donate funds to fallen firefighters, State Farm teamed with director Spike Lee to film a moving tribute.
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On 9/11: Memories of an Old Lost Friend Found Too Late
Bonnie Cavanaugh, E&S Editor | September 11, 2013
It was with some surprise this morning when I read that my former classmate, Ginger Ormiston, had been an employee at Marsh & McLennan on 9/11.
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Remembering 9/11
Bryant Rousseau | September 09, 2011
Life has few certainties, but Id be willing to bet my existence that every single person reading this issue of NU remembers exactly where he or she was on Sept. 11, 2001. Its a day whose events have been seared indelibly into all our memories.
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Obama At Ground Zero
Bill Coffin | May 06, 2011
Four days after the killing of Osama bin Laden, President Barack Obama visited Ground Zero, where he paid his respects. Here is a photo essay of that event as compiled by two National Underwriter Life & Health editors.
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Brokers Discuss Possible Insurance Market Impact Of bin Laden's Death
Mark E. Ruquet | May 02, 2011
The death of Osama bin Laden will have no immediate impact on the terrorism insurance market, but any reprisal could change all of that quickly, a broker says.
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World Trade Captive Settles With 10,000 Plaintiffs For $657 Million
Daniel Hays | March 14, 2010
The federal taxpayer funded WTC Captive Insurance Company announced that it has reached a $657 million injury settlement with workers involved in World Trade Center cleanup and rescue activity.
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Trade Center Injury Claims Still Coming In
Staff Writer | September 11, 2008
A national campaign to register the people who performed rescue, recovery and clean-up activities at the World Trade Center after the terrorists' attack has increased filings by tenfold the New York
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8 Years After 9/11, Insurance Markets Have Calmed
Daniel Hays | September 10, 2009
Eight years after the terrorist attacks of 9/11 caused untold human tragedy and shocked the underwriting world, insurers are seeing a much calmer environment, an industry expert said.
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N.Y. Gov to Introduce 9/11 Benefits Legislation
Staff Writer | June 16, 2008
Accepting the recommendations of the New York September 11 Worker Protection Task Force, New York Gov. David Paterson said he will submit legislation to provide benefits to additional public workers i
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Part Of Port Authority 9/11 Claim Rejected
Daniel Hays | February 26, 2008
A federal judge who ruled that the New York-New Jersey Port Authority cannot collect insurance for all the damage done to the World Trade Center by the 9/11 attack, will meet with lawyers in the case
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Katrina, 9/11 Anniversaries Expose Lingering Vulnerabilities For Carriers
Steven Tuckey | September 03, 2006
Lack of a reliable reinsurance backstop, public or private, leaves insurers in
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Judge Clears Way For Zurich 9/11 Trial
Mark E. Ruquet | May 17, 2006
A federal judge has cleared the way for a trial to begin in the case between Zurich American Insurance Company and ABM Industries over the amount of payment for a business interruption loss resulting
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WTC Terrorist Attacks Ruled Single Event
Staff Writer | April 13, 2006
"Of course, I am disappointed that the jury did not see things our way with respect to most of the insurers in the WTC coverage," Silverstein said. "But let me be clear: a defeat in the courtroom is
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WTC Insurers Sue NY Port Authority
staff Writer | August 04, 2005
A group of 10 syndicates at Lloyd's of London and eight other insurers has filed suit against the Port Authority of New York and New Jersey.
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Insurers Win One, Lose One In WTC Trials
staff Writer | December 01, 2004
Insurers Win One, Lose One In WTC Trials Maximum insured loss would be $4.7 billion, but appeals possible in second caseThey are likely to be ...
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The Final 9/11 Insured Loss Was $32.5 Billion
Daniel Hays | March 03, 2004
The Final 9/11 Insured Loss Was $32.5 BillionBy Daniel HaysNU Online News Service, Sept. 9 2:24 p.m. EDT?The final insured loss from the terrorist destruction ...
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Firms Said To Overlook 9/11 Coverage Lessons
Caroline McDonald | March 03, 2004
Insurance buyers across the country, including many in Midtown Manhattan, have not taken some of the lessons of Sept. 11, 2001 to heart, said an attorney involved in several 9/11 business interruption disputes.
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WTC Loss Revisited: The Skinny From FC&S
David Thamann | February 04, 2004
WTC Loss Revisited: The Skinny From FC&S Over two years have passed since the Sept. 11 attack on New Yorks World Trade Center. Much has ...
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Trade Center RM: 9/11 Trauma Affected My Actions
Michael Ha | January 14, 2004
Trade Center RM: 9/11 Trauma Affected My ActionsBy Michael HaNU Online News Service, Feb. 11, 1:12 p.m. EST?A key witness at the contract dispute trial ...
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Marriott Settles 9/11 Property Claims
Staff Writer | March 25, 2003
Marriott Settles 9/11 Property ClaimsNU Online News Service, Dec. 5, 10:35 a.m. EST?Host Marriott Corp. has settled its property claims stemming from the Sept. 11, ...
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9/11 Industry Loss Estimates Narrow
Michael Ha | March 04, 2003
9/11 Industry Loss Estimates NarrowBy Michael HaNU Online News Service, <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /> Sept. 5, 2003, 9:50 a.m. EDT--As the ...
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U.S. Sues Factory Mutual Over 9/11 Cleanup
Gary Mogel | February 18, 2003
U.S. Sues Factory Mutual Over 9/11 CleanupBy Gary MogelNU Online News Service, July 2, 11:35 a.m. EDT?The Manhattan U.S. Attorney's Office is suing Factory Mutual ...
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United Airlines Sues AIG For 9/11 Loss Claims
Michael Ha | February 18, 2003
United Airlines Sues AIG For 9/11 Loss ClaimsBy Michael HaNU Online News Service, July 16, 4:06 p.m. EDT? In the first legal dispute between an ...
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New York 9/11 Fraud Cases Total Hits 68
Mark E. Ruquet | January 14, 2003
New York 9/11 Fraud Cases Total Hits 68By Mark E. RuquetNU Online News Service, Feb. 27, 1:46 p.m. EST?The number of fraud cases from the ...
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The Pain Of Sept. 11 Endures
staff Writer | September 09, 2002
Editorial Comment: The Pain Of Sept. 11 Endures Last year on Sept. 11, we received a phone call alerting us that a tourist helicopter or ...
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9/11 Boosts Focus On Interruption Risks
Staff Writer | April 29, 2002
9/11 Boosts Focus On Interruption RisksNew Orleans The destruction of New Yorks World Trade Center by terrorists has pushed business interruption exposures much higher on ...
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Aon & Marsh Remember
Mark E. Ruquet | March 04, 2002
Aon & Marsh RememberBy Mark E. RuquetNU Online News Service, Sept. 12, 9:55 a.m. EST?Sept. 11 was marked by solemn remembrance for those lost in ...
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NU Editorial: Honoring Victims Of 9/11
Staff Writer | March 04, 2002
NU Editorial: Honoring Victims Of 9/11By Sam Friedman, Editor-In-ChiefNU Online News Service, Sept. 11, 10:00 a.m. EST?Last year on Sept. 11, we received a phone ...
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Myths Haunt Insurers After 9/11 Losses
E.E. Mazier | December 02, 2001
Myths Haunt Insurers After 9/11 LossesNew York The many myths that have sprung up about the insurance industrys ability to handle claims stemming from the ...
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Insurers Mull Attack Losses
staff Writer | September 23, 2001
Insurers Mull Attack LossesWhile continuing to express concern, grief and condolences for those who lost family, friends, colleagues and clients in the terrorist attack that ...