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- SCOR Establishes Additional Reserves in the 4th Quarter of 2004 Following the World Trade Center Jury Verdict
- PARIS -- On 6 December 2004, in the second phase of the World Trade Center Properties LLC ("WTC") insurance proceedings, a New York jury rendered its verdict. This indicates that the attack on the WTC on 11 September 2001 constitutes two occurrences according to the jury's interpretation of the applicable...
- Research articles 2005-03-24
- Judge sets WTC trial date but suggests mediation.(News)(dispute over property insurance payout in World Trade Center collapse)(Brief Article)
- Byline: Douglas McLeod NEW YORK-A federal judge has set February 2004 for the initial phase of a trial of the World Trade Center property insurance dispute pitting Silverstein Properties Inc. against Swiss Reinsurance Co. and numerous other insure Byline: Douglas McLeod ...
- Research articles 2003-11-03
- Silverstein appeal may delay cover trial.(World Trade Center property insurance dispute)(Legal Beat)(Statistical Data Included)
- Byline: DOUGLAS McLEOD NEW YORK-Silverstein Properties Inc. has asked a federal judge to delay the scheduled November trial of the World Trade Center property insurance dispute while it appeals the judge's ruling that three insurers may treat last Byline: DOUGLAS McLEOD ...
- Research articles 2002-09-30
- Act-Of-War Determination Will Influence Coverage.(property insurance World Trade Center)(Brief Article)
- The question of the day for the insurance industry and its policyholders might not simply be how many billions of dollars will be sustained in losses from last week's terrorist attack on the World Trade Center towers, but whether the action is procla The question of...
- Research articles 2001-09-17
Additional Resources
- Swiss Re sues over WTC loss amid debate on policy terms.(World Trade Center)
- NEW YORK-The legal battle erupting over the World Trade Center's property insurance coverage reveals a huge rift between the trade center's leaseholder and its largest insurer over the most basic terms of a program that still wasn't finalized on the NEW YORK-The legal battle erupting...
- Research articles 2001-10-29
- Sides awaiting verdict on occurrence wording.(News)(World Trade Center attacks, insurance claims, cases)
- Byline: DOUGLAS McLEOD NEW YORK-A federal jury last week began weighing whether nine insurers that wrote $1.13 billion of the World Trade Center's property insurance coverage are liable for one policy limit or two. Lawyers for the insurers and W Byline:...
- Research articles 2004-11-22
- WTC settlement unlikely to set precedent for future disputes.(World Trade Center, Silverstein Properties Inc. v. Federal Insurance Co.)
- Byline: Rupal Parekh NEW YORK-The World Trade Center property insurance coverage disputes may be over, but the industry can still glean valuable lessons from events of Sept. 11, 2001, and the litigation that followed. After nearly six years in t Byline:...
- Research articles 2007-05-28
- WTC trial takes form; Stakes high as sides present arguments.(World Trade Center trial)
- Byline: DOUGLAS McLEOD NEW YORK-Lawyers for Silverstein Properties Inc. and a dozen insurers offered clashing views of the World Trade Center's $3.5 billion property insurance program last week as a long-awaited trial got under way to determine wh Byline: DOUGLAS McLEOD ...
- Research articles 2004-02-16
- Silverstein resumes bid for double-limit recovery on WTC; Each side argues over terms.(World Trade Center, Silverstein Properties Inc.)
- Byline: DOUGLAS McLEOD NEW YORK-Lawyers for Silverstein Properties Inc. and nine insurers launched the second phase of the World Trade Center property insurance litigation Monday, presenting jurors with starkly different positions on whether the W Byline: DOUGLAS McLEOD NEW YORK-Lawyers...
- Research articles 2004-10-25
- WTC policy disputes continue; Swiss Re setback; prepares for new phase of litigation.(News)(World Trade Center )
- Byline: DOUGLAS McLEOD NEW YORK-Silverstein Properties Inc. is heading into the next phase of the World Trade Center property insurance litigation with a nearly unbroken string of courtroom losses and uncertain prospects against the 10 insurers re Byline: DOUGLAS McLEOD ...
- Research articles 2004-05-10
- Insurers face $2.1 billion in cat losses. (World Trade Center, New York, New York bombing and March 1993 winter storm catastrophes)
- Two recent catastrophes -- the bombing of the World Trade Center and last month's severe winter storm -- have dealt the insurance industry a combined hit of more than $2.1 billion in the first quarter, industry estimates have revealed. Property-ca Two recent catastrophes...
- Research articles 1993-04-05
- For The Record.(Briefs)(further dispute over coverage of World Trade Center attack; US property/casualty rates; insurance companies' sales and earnings; other briefs)
- Swiss Re files new WTC cover brief Swiss Reinsurance Co. has filed a brief in a New York federal appeals court, blasting World Trade Center leaseholder Silverstein Properties Inc.'s claim that the Sept. 11, 2001, attacks were two separate events. Swiss Re...
- Research articles 2003-02-10
- ACE Limited Announces Settlement Of Silverstein World Trade Center Claim
- Business Editors HAMILTON, Bermuda--BUSINESS WIRE--Feb. 15, 2002 ACE Limited (NYSE:ACE) today announced that its Bermuda subsidiary, ACE Bermuda Insurance Ltd. ("ACE Bermuda"), has agreed to settle its property insurance claim with Silverstein Properties, Inc., ("Silverstein") arising from the World Trade Center disaster. The settlement is based upon a...
- Research articles 2002-02-15
- 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...
- Research articles 2007-05-24
- RenaissanceRe to Increase Capital of Commercial Property Insurance Subsidiary Glencoe
- Business Editors PEMBROKE, Bermuda--BUSINESS WIRE--Sept. 19, 2001 RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today that to help address a possible industry-wide capacity shortfall in the wake of the World Trade Center attacks it is increasing the capital and surplus of its commercial property insurance subsidiary, Glencoe Insurance Ltd....
- Research articles 2001-09-19
- William Street property for sale
- The ownership of 156 William Street has tapped Eastern Consolidated Properties to sell its 218,000 square-foot office and retail building located at the crossroads of Downtown Manhattan's City Hall/Insurance Financial and World Trade Center Districts. Brian Ezratty, senior executive director and principal at Eastern, and Scott Ellard, director of...
- Research articles 1999-08-04
- Business Interruption Insurance Requires Rethinking
- Business interruption losses at the World Trade Center were much more significant than insurers thought they could ever be, and that fact could alter the way insurers write business interruption in the future. The terrorist attacks on the World Trade Center produced the single largest insurance loss in world history,...
- White papers 2003-01-01
- For The Record.(New estimate of insured property losses from terrorist attacks on WTC and Pentagon reach $20.3 bn)(Legal Beat)(Brief Article)(Statistical Data Included)
- PCS increases Sept. 11 loss estimate The Insurance Services Office Inc.'s Property Claim Services unit has increased its estimate of insured property losses from the Sept. 11, 2001, attacks on the World Trade Center and the Pentagon to $20.3 billi PCS increases Sept....
- Research articles 2002-06-24
- Business interruption insurance requires rethinking
- Business interruption losses at the World Trade Center were much more significant than insurers thought they could ever be, and that fact could alter the way insurers write business interruption in the future. The terrorist attacks on the World Trade Center produced the single largest insurance loss in world history,...
- Research articles 2003-03-01
- Implications For The Insurance Industry
- All sectors of the insurance industry, including property/casualty, life/health and reinsurance, are certain to be severely affected by the terrorist attack on the World Trade Center and the Pentagon, as well as the airplane crash in Pennsylvania. The uninsured and economic losses of the event also are huge, but the...
- White papers 2003-01-01
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