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

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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.