AM Best comments on Silverstein result
After a preliminary assessment of the impact of the recently announced verdict that the 9/11 attack on the World Trade Center was two insurable events, AM Best has said that it does not believe the decision will result in any rating changes for the nine insurers affected or for their reinsurers.
The two occurrence verdict will result in an additional $1.1bn of losses for the named insurers and their reinsurers. Most of the affected carriers have commented that the verdict will have minimal orOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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