Insured property/casualty losses from the terrorist attacks
could well surpass the record losses from Hurricane
Andrew in 1992, which resulted in $15.5 billion in claims paid to victims of that catastrophe. Insured losses are likely to be in the billions of dollars, 나주출장마사지
but it will be some time before an accurate assessment of the total impact can be made, cautions the III. Some estimates exceed $25 billion.
2908<\/strong>99472539!)2553 (@sontal00)" style="max-width:400px;float:left;padding:10px 10px 10px 0px;border:0px;">Any determination of insured property/casualty losses will take into account:
Property insurance policies generally cover damage from fire, explosion, smoke, or other property or liability loss that occurs. Insurance policies do exclude war, but this is generally defined as a declared war between nations. In light of increased global terrorism, some commercial insurance policies may have exclusions for damage caused by terrorist attacks.
The US government is self-insured, so physical loss to government buildings is not a commercial insurance issue. But insured commercial businesses within the Pentagon, for example, could incur insured losses.
The following statistics can put the losses in perspective:
For general questions regarding all types of insurance, visit www.disasterinformation.org.
The National Insurance Consumer Helpline at 1-800-942-4242 is available daily between 8 AM and 8 PM Eastern Daylight Time to help with questions from businesses and individuals about the insurance implications of this tragedy.
In addition, people may contact the New York State Insurance Department Hotline between the hours of 8 AM and 8 PM Eastern Daylight Time 7 days a week at 1-800-339-1759.
The following are the contact numbers for those with claims and questions about their insurance:
Allstate Insurance Co.
Chubb Group Of Insurance Companies
All claims except Workers Comp