Terror attacks hit industry hard.
The terrorist attacks on the World Trade Center are hitting the insurance industry hard, as estimate...
The terrorist attacks on the World Trade Center are hitting theinsurance industry hard, as estimates for the total bill are put as high
as $100bn.
Conservative estimates show the bill dwarfing the last most expensive
pay-out - $20bn for Hurricane Andrew in 1992.
Lloyd's faces an estimated £7bn in gross liabilities, says the Fitch
ratings agency. AM Best has downgraded the market's rating to A- from A.
Allianz is estimated to have lost $36m, AIG $500m, Ace and Axa up to $400m
each and CGNU as much
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