Insurers may fight verdict doubling September 11 cost
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EUROPEAN insurers may appeal against a US jury decision that effectively doubles their cost of the September 11 attacks on the World Trade Centre.
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A federal jury said yesterday that the destruction of the World Trade Center constituted two separate attacks, entitling the developer Larry A. Silverstein to collect up to $2.2 billion
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Some key players in the legislative battle over medical-liability reform support attacking soaring malpractice-insurance premiums by making it harder for insurance companies to raise their rates.
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German insurance giant Allianz and Munich Re, the world's biggest reinsurer, estimated that their full-year earnings would not be hit by a US court ruling that the September 11, 2001 attacks on the World Trade ...
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Justice may be blind, but it ain&#39;t cheap: Tyco International&#39;s (nyse: TYC - news - people ) former chief executive and chief financial officer say their legal bills have topped $25 million and they want a second insurance company to pick up the extras.
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The New York attorney general is pursuing reports of payoffs that may increase coverage costs for tens of millions.
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The price for settling state charges of collusion and bid rigging by the nation's largest insurance broker could be "far higher" than $500 million, the New York Attorney General said today.
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Dozens of lawsuits brought by the families of 9/11 victims against airlines, security companies and other parties are moving toward a trial.
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Attaching victory to a string of defeats, a jury yesterday agreed with World Trade Center developer Larry Silverstein&#39;s claim that the planes that struck the Twin Towers represented two separate, insurable events.
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WASHINGTON - Victims of the September 11, 2001 terrorist attacks have received $38.1 billion US in compensation so far from insurance companies, the US government and charities, according to a study released Monday by the Rand Institute for Civil Justice.
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Victims of the Sept. 11 attacks received &#36;38.1 billion in compensation, with insurance companies picking up the largest portion of the tab, according to a study released Monday.
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The probe into insurance bid-rigging  by New York's attorney general widened to health insurers on  Tuesday, unnerving investors worried that more revelations of  wrongdoing and lower profits lie ahead.
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Ailing ground zero workers are going to court to demand that the company overseeing a $1 billion Sept. 11 insurance fund uses it to pay for their health care.
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Cantor Fitzgerald, the bond brokerage that suffered more deaths in the Sept. 11 attacks than any other company, on Friday sued al Qaeda, Saudi Arabia and dozens of foreign companies seeking damages related to the attacks on the World Trade Center.
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The New York Times on Sunday examined the &quot;huge battle&quot; between insurers and pharmaceutical companies over the number of medications that will be covered under the new Medicare law (Pear, New York Times, 9/26).
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NEW YORK, July 17 -- Ailing rescue workers from the World Trade Center site filed a lawsuit Tuesday  charging that a $1 billion insurance fund set up after Sept. 11, 2001, violated a congressional mandate to pay their injury claims and instead spent millions of dollars fighting those claims.
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Insurers held their breath on Friday as they waited to gain access to areas pounded by Hurricane Ivan, which some predicted at up to $10 billion could become the second-costliest storm in US history.