European Insurers Weigh WTC Appeal
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European insurers could appeal against a US jury decision that treats the 2001 hijacked plane attacks on the World Trade Center (WTC) as two separate events, potentially raising their costs.
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Americas Amber Alert News Center(NEW YORK USA)- A federal jury ruled Monday that the attack on the World Trade Center was two occurrences for insurance purposes, meaning leaseholder Larry Silverstein stands to collect up to $2.2 billion from nine
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A New York court ruled that the World Trade Center terrorist attacks were two separate event, meaning leaseholder Larry Silverstein stands to collect up to $2.2 billion from nine insurers.
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THE government agency that owns the World Trade Center site has joined a US$7 billion (S$11.9 billion) suit against Saudi Arabia and Al-Qaeda for the Sept 11 terrorist attacks.
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While World Trade Center leaseholder Larry Silverstein was celebrating his courtroom victory over his insurers, experts on Tuesday were already debating its impact on the industry
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INSURERS and travel firms across Europe took a knock yesterday after the devastation caused by the South Asian tsunami sparked fears of substantial financial costs.
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American International Group Inc., the world&#39;s largest insurer, said the Securities and Exchange Commission may sue it for failing to disclose that the regulator is probing transactions with two unidentified insurers.
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UK insurers were facing unprecedented scrutiny on Friday night after Eliot Spitzerâs assault on the industry in the US. As shock waves continued to reverberate from the New York attorney-generalâs decision
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American International Group, one of the world&#39;s largest insurers, continues to clash with regulators, but Wall Street seems more puzzled than alarmed.
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A remarkable tale of survival and loss in the World Trade Center comes under scrutiny.
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NEW YORK, December 7  - A federal court ruled yesterday that the destruction caused by the 9/11 terrorist attacks on the twin towers of the World Trade Center constitutes two separate events.
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The ruling means World Trade Center leaseholder Larry Silverstein can collect up to $4.6-billion from nine insurers. By Associated Press.
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Deutsche Lufthansa and other European airlines want European Union governments to step in if insurance companies end cover for terrorism risks, the Financial Times Deutschland has reported.
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European shares started little changed on Tuesday, weighed by the dollar's fall to a new record low against the euro, and a rise in oil prices, while French insurer Scor fell on worries over a WTC jury decision.
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European stocks might drop, paced by consumer and travel-related shares, after a blast in Jakarta killed four people, heightening concern about terrorism.
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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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European Union officials on Friday called on the United States to clarify its position on a possible court challenge at the World Trade Organization over alleged unfair subsidies given to European aircraft maker Airbus.