WTC Update from Lloyd’s
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…