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304 Resources for

insurance and world trade center

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Insurance
in financial markets, hedging or any other strategy that reduces risk while permitting participation in potential gains
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Catastrophic losses and insurer profitability: evidence from 9/11
ABSTRACT We examine the effects of 9/11 on the insurance industry, hypothesizing a short-run claim effect, resulting from insufficient premium ex ante for catastrophic losses, and a long-run growth effect, resulting from ex post insurance supply reductions and risk updating. Following Yoon and Starks (1995) we use short- and...
Tags: analyst, asset, attack, Computing, Insurance, Lewis, M., reinsurance, Risk, tax, World Trade Center
Research articles 2008-03-01
No deal on Trade Center retail
The Port Authority unexpectedly failed to reach a deal last week with the mall operator Westfield to operate and partially own the 490,000 s/f of retail space planned for the World Trade Center site. Its board of directors already scheduled to meet, the Port Authority sent out a morning...
Tags: Insurance, retail, World Trade Center
Research articles 2007-12-26
$2B WTC insurance battle comes to end
World Trade Center developer Larry A. Silverstein this week thanked Governor Eliot Spitzer the government leaders who helped bring his five-year insurance battle to a close. Governor Spitzer and State Insurance Superintendent Eric R. Dinallo announced that Silverstein Properties and seven insurance companies have reached a $2 billion settlement...
Tags: agreement, FINANCE, Insurance, World Trade Center
Research articles 2007-05-30
Five years on, rebuilding World Trade Center clears major hurdle
NEW YORK AFP — More than five years after the September 11 attacks, the last major obstacle to rebuilding at Ground Zero has been cleared, opening the way for New York to once again reinvent its dramatic skyline. Developer Larry Silverstein reached a two-billion-dollar deal with seven insurance companies...
Tags: Agence France-Presse, attack, Insurance, SECURITY, tower, Tower, World Trade Center
Research articles 2007-05-26
SCOR : World Trade Center Compensation Settlement: SCOR Will Refer Its Reinsurance Contract With Allianz to Arbitration
Agreements concerning the World Trade Center were signed on 23 May between Silverstein Properties and various insurers, including Allianz. SCOR is a reinsurer of Allianz Global Risks U.S. Insurance on this property & casualty insurance policy. SCOR considers that the Allianz settlement agreement does not respect the terms and...
Tags: arbitration, compensation, Insurance, reinsurance, World Trade Center
Research articles 2007-05-24
Insurance firms settle World Trade Center dispute with developer
NEW YORK AFP — A group of insurance companies has reached a two-billion-dollar settlement with the developers of the World Trade Center over payouts related to the September 11 attacks, officials said Wednesday. New York Governor Eliot Spitzer said that the agreement by seven insurance firms settled all outstanding...
Tags: attack, developer, FINANCE, Insurance, Litigation, payout, settlement, World Trade Center
Research articles 2007-05-23
Baltimore law firm fights back against security, insurance and
As the law firm Gebhardt & Smith LLP tells it, the trouble began with the "egoistical, delusional paranoia" that gripped the operators of Baltimore's World Trade Center after terrorists attacked the tower's New York namesake on Sept. 11, 2001. Soon, SWAT teams with attack dogs and automatic...
Tags: counterclaim, insurance, lawsuit, lease, Litigation, security, tenant, Transportation, World Trade Center
Research articles 2007-04-06
Pay up: Silverstein, PA warn insurers
The Delaware Department of Insurance is expected to issue a ruling by Monday whether it will allow World Trade Center insurer, Royal Indemnity, to spin off from its parent company, UK-based Royal & SunAlliance PLC in a decision that could jeopardize a portion of the WTC's insurance proceeds. The...
Tags: FINANCE, Insurance, World Trade Center
Research articles 2007-02-14
Fiterman Hall deconstruction plan nears completion
Fiterman Hall's days as a downtown eyesore appear to be winding down. Five years after it sustained significant damage during 9/11, the building is finally getting closer to receiving the government approvals necessary for its decontamination and deconstruction. The Dormitory Authority for the State of New York, which...
Tags: downtown, Government, Insurance, World Trade Center
Research articles 2006-09-06
Lend Lease can't figure WTC claims.
Byline: Michael West Jun 08, 2006 (The Australian - ABIX via COMTEX) -- Australian construction company, Lend Lease, is not able to quantify its liability from US lawsuits. Its subsidiary, Bovis Lend Lease, is one of the defendants of 5,300 claims made...
Tags: Construction, FINANCE, Government, Insurance, World Trade Center
Research articles 2006-06-08
Conditional agreement reached on World Trade Center redevelopment
NEW YORK AFP — A bitter row over who will build what and when at the World Trade Center site in New York looked set for resolution with the site developer agreeing to share construction duties and costs. However, in a letter to the site owners, developer Larry Silverstein...
Tags: Agence France-Presse, agreement, Government, Insurance, World Trade Center
Research articles 2006-04-25
Findings back move towards all concrete office buildings
Since the collapse of the World Trade Center towers on September 11, 2001, there has been a movement in New York City to build cast-in-place reinforced concrete-framed office buildings. In April 2005, the federal government, in a way, supported this movement with the public disclosure of findings by the...
Tags: alliance, collapse, concrete, Concrete, FINANCE, Insurance, NIST, steel, Strategy, World Trade Center
Research articles 2006-04-05
WTC stand-off as talks over rebuilding drag on
Larry Silverstein and the Port Authority took it to the wire yesterday as they continued to try to hammer out a solution to the World Trade Center stand-off. Governor George Pataki had given both sides until yesterday Tuesday to reach agreement on how to proceed with the controversial rebuilding...
Tags: bond, FINANCE, Insurance, Investment, tower, World Trade Center
Research articles 2006-03-15
Liability concerns in New Orleans.
The liability pitfalls experienced during the World Trade Center site cleanup after the 2001 terrorist attacks are serving as a blueprint for caution among contractors and construction insurers tapped to help rebuild New Orleans. The liability issues facing construction workers in the hurricane-ravaged...
Tags: cleanup, FINANCE, Government, Insurance, World Trade Center
Research articles 2006-01-01
Events fail to dent QBE vigour.(QBE Insurance Group Ltd.)(Brief Article)
Apr 10, 2005 (The Australian Financial Review - ABIX via COMTEX) The global insurance industry learned its lessons from the 11 September 2001 attacks on the World Trade Center. For example, Australia's QBE Insurance had claims then that resulted in a post-tax loss of...
Tags: FINANCE, Insurance, reserve, World Trade Center
Research articles 2005-04-10
Terrorism risks overshadow cargo theft: federal law fails to include several loss control items sought by insurers.(Appeal for legislative measures)
WHILE TERRORISM EXPOSURES have certainly raised the stakes for cargo underwriters, it is not as if so-called "Sept. 10" concerns have suddenly vanished from the insurance industry's radar. James Craig, president of the New York-ased American Institute of Marine Underwriters--close by the former...
Tags: Government, Insurance, terrorism, World Trade Center
Research articles 2005-04-04
Silverstein jury determines two planes equal two events.(National Report)
A Manhattan federal jury has ruled in favor of World Trade Center leaseholder Larry Silverstein, declaring that the hijacked planes that destroyed the Twin Towers count as two separate attacks for insurance purposes. "This is a win for all New Yorkers," Silverstein said....
Tags: attack, Insurance, World Trade Center
Research articles 2005-01-01
Second WTC insurance verdict favors leaseholder
A VERDICT WAS REACHED IN THE SECOND World Trade Center WTC insurance case, citing the World Trade Center attacks as two distinct occurrences. The decision puts Larry Silverstein, president and chief executive officer of Silverstein Properties, New York, in a strong position from which he could negotiate up to $1.1...
Tags: attack, FINANCE, Insurance, Wood, World Trade Center
Research articles 2005-01-01
Civilian survivors got less cash in World Trade Center terrorism payouts.
By Adam Lisberg, Daily News, New York Knight Ridder/Tribune Business News Nov. 9--Emergency workers who were seriously injured and the families of those killed in the World Trade Center attacks received an average of $4.2 million in compensation -- one-third more than...
Tags: Benefits, compensation, FINANCE, Government, Insurance, terrorism, World Trade Center
Research articles 2004-11-09
Insurance will cover multibillion-dollar WTC action: Lend Lease.(Brief Article)
Sep 14, 2004 (The Age - ABIX via COMTEX) Lend Lease spokesman, Roger Burrows, says the Australian group's board is confident a favourable resolution will be reached regarding a class action. The compensation claim involves hundreds of people who worked to clean up the...
Tags: Benefits, compensation, insurance, lawsuit, worker, World Trade Center
Research articles 2004-09-14
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