Insurers Will Do ‘Everything Within Their Power‘ to Ease Process
Tuesday, September 18th, 2001 Catastrophe Property Risk ManagementThe insurance industry will do everything it can to comply with the New York Insurance Department‘s advice to insurance adjusters and underwriters to exercise care and "responsible judgment" in judging claims arising from last week‘s World Trade Center tragedy. "While we certainly recognize the Department‘s concerns in these troubled times, our industry‘s approach is to always make our best efforts to settle claims in a proper and timely fashion," said Joseph Termini Jr., counsel for the National Association of Independent Insurers (NAII), whose member companies write more than 27 percent of the New York insurance market. "The Department can rest assured that insurers will do everything within their power to help those affected by this horrible act."
