Insurer Zurich will make a $24.5m (£12.8m) payout this week to cover damage to broadcast equipment...
Insurer Zurich will make a $24.5m (£12.8m) payout this week to cover damage to broadcast equipment caused by the 9/11 terrorist attacks.
Paxson Communications, an owner and operator of US television stations, had filed claims with the insurer for property damage, business interruption and extra expense arising from the attacks.
Zurich was "pleased" to have resolved the matter, a spokesman for the insurer said.
Lowell "Bud" Paxson, chairman and chief executive officer of Paxson, said he was "pleased that this long issue of our claims has finally been settled in a positive way for the company."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
