Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

S&P: At Least $1 Billion In Attack-Related Life Losses

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Sept. 21, 2:18 p.m. – Standard & Poor’s, New York, says preliminary estimates show life insurance claims from last week’s terrorist attacks will total at least $1 billion.

A spokesperson for S&P said the figure is based on early calculations from nine major life insurers and is expected to rise significantly as more carriers are contacted. The final figure is expected to be “not anywhere near” solvency-threatening levels for life carriers, the S&P spokesperson says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.