The PIU Communicator Library
The Security of a Disability Policy Backed by Lloyd’s - Tuesday, April 10, 2012
Many Insurance Agents become concerned when they read government required affidavits that are attached to Surplus Lines insurance policies. “THIS INSURER IS NOT ADMITTED IN THIS STATE AND IS NOT SUBJECT TO THE FINANCIAL REGULATION THAT APPLY TO THIS STATE, INCLUDING PARTICIPATION IN THE GUARANTEE FUND…
Lloyd’s Enters It’s 324th Year - Friday, April 4, 2003
Born of necessity, the World’s Oldest and Largest Insurance Market operated in obscurity for nearly a Century. Merchants and Sea Captains negotiating and contracting on the wharves at London worked out plans of sharing each other’s perils. Manufacturers and merchants stood to lose a fortune if the ship failed to reach its destination…
If You Knew What We Know - Wednesday, January 2, 2002
Lloyd’s, the world’s oldest and largest insurance organization has measured up to another giant catastrophic challenge. It has been announced that its ingenious “CHAIN OF SECURITY” has the strength to handle the obligations imposed upon it by the WTC catastrophe…
Lloyd’s Press Release - Wednesday, December 12, 2001
The Lloyd’s of London insurance market will next year expand to reach record-breaking size – with the potential for a further increase during the first half of next year.Announcing its expected capacity for 2002, Lloyd’s said that the market’s ability to accept premiums will rise from £11 billion to £12…
Lloyd’s Lifts WTC Loss Estimates - Thursday, December 6, 2001
1. It is a fact, Lloyds did lift its estimate of WTC loss. It was raised because there was not time to organize the myriad of information needed to be more accurate previously. Hard driving news reporting facilities were demanding an answer even if it was a pre-mature answer…
WTC Update from Lloyd’s - Thursday, September 27, 2001
We don’t have to hold our breath any longer. The following Lloyd’s Press Releases officially peg the WTC losses at $1.9 billion. This is considerably less thanwe estimated. It is a lot of money, but it is a giant market and this figure is only about 12% of the market’s capacity for 2001!News sources have irresponsibly and recklessly guessed at Lloyd’s and other insurers financial responsibility…