Content tagged with Claims posted in September 2001
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Insurance Offices Near Ground Zero Play the Waiting Game
As New York City and the rest of the country strive to return to some form of normal, some insurance companies displaced by the attack on the World Trade Center are still not quite sure what normality will actually be.
ISO Modifies Services To Help Clients Affected by WTC Attack
In the wake of the attacks of September 11, many P&C insurers will draw on the resources of the Insurance Services Office (ISO) for the purpose of responding to related claims. But for the many insurance companies and industry-related operations located in lower Manhattan, ISO is offering special assistance to help its customers keep operating.
Insurers Begin Recovery Immediately
The insurance industry exists to indemnify those who suffer
losses, but on September 11 the industry also suffered
grievous losses, along with the world as a whole. A number of insurers had offices in the World Trade Center (WTC) and the buildings immediately surrounding what has come to be called "ground zero." At press time, many employees were still missing and several were hospitalized. But despite the terrible injury, shock and hardship, companies-and most importantly employees-showed gre
Cost of Business Interruption Insurance Claims May Take Months To Determine: NAII
According to the NAII, the large number of businesses affected by the Sept. 11 terrorist attacks, combined with the length of time it will take to repair the damages, means that it may take several months before an accurate estimate on business interruption losses can be developed.
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