Insurance Testifies that California is Covered

Representatives of the insurance industry testified yesterday before the California Assembly Insurance Committee concerning insurance and reinsurance after the September 11 attack on our country. Noting that 09/11/01 was the largest insured loss from a man-made disaster impacting all lines of coverage, including property and casualty, workers' compensation and life insurance, testimony was uniformly resolute in concluding that insurance carriers in California are prepared to deal with a major west coast event, that there are plans in place for immediate response to anything from a major earth...