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Insurance Companies Bankrupt?  
User currently offlineB777-200ER From , joined Dec 1969, posts, RR:
Posted (12 years 10 months 3 weeks 1 day 21 hours ago) and read 878 times:

Will they? Thousands of people must have been killed!

5 replies: All unread, jump to last
 
User currently offlineDelta777-XXX From United States of America, joined Jun 2000, 1017 posts, RR: 8
Reply 1, posted (12 years 10 months 3 weeks 1 day 21 hours ago) and read 866 times:

You know, I was thinking the same thing. Maybe they can make it through this.

Hank


User currently offlineIvailo From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 10 months 3 weeks 1 day 20 hours ago) and read 858 times:

Although it will be very hard to them and they will lose a lot of money (about $15,000,000,000), I think they will definitely make it thru this.

User currently offlineGerardo From Spain, joined May 2000, 3481 posts, RR: 31
Reply 3, posted (12 years 10 months 3 weeks 1 day 17 hours ago) and read 851 times:

As I work for a major insurance company, I had a few infos already. No insurance company will go bankrupt because of this, but some will feel it for the next few years (and of course the shareholders).

About those 15bio US$: I personally would count more, about the double.

Gerardo



dominguez(dash)online(dot)ch ... Pushing the limits of my equipment
User currently offlineJetService From United States of America, joined Feb 2000, 4798 posts, RR: 11
Reply 4, posted (12 years 10 months 3 weeks 1 day 17 hours ago) and read 844 times:

I heard the number is up to $20,000,000,000. NATO gov'ts are assuring financial backing so a global recession is averted as a result (whatever that means)


"Shaddap you!"
User currently offline777fan From United States of America, joined Jan 2006, 2492 posts, RR: 2
Reply 5, posted (12 years 10 months 3 weeks 1 day 16 hours ago) and read 840 times:

I too work for a "major" insurance company here in the US.

For those that died, many life insurance policies are void in the instances of terrorists attacks. My belief is that it would be waived.

On the property and casualty side, the costs would be dramatic!

When Hurricane Andrew hit Florida, many small companies just went out of business, same with the San Francisco and LA earthquakes.

My company has already mobilized its claims teams and they are on site in NY.

As I am in the corporate offices, I am kind of removed from the front line, but I have spent some time working "CAT" (catastrophe) dutie. It is one of the hardest, but most rewarding things I ever did. The difference is that the ones I worked on had nowhere near the huge loss of life that this one has!

My thoughts and prayers go out to the victims and their families!

Rgds,

Greg



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