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Reinsurer Estimates its WTC Claims at $30 Mil

NEW YORK CITY-A Philadelphia-based reinsurance company releases its potential exposure estimate related to last week's attacks here and in Washington DC.

By Glen Thompson | Updated on September 18, 2001

NEW YORK CITY-A Philadelphia-based reinsurance company’s first estimate cites its potential exposure related to the World Trade Center and Pentagon attacks at roughly $30 million but says its $3.6 billion in assets will easily absorb the blow.

PMA Capital Corp. spokeman Albert Ciavardelli tells GlobeSt.com the assessment is based on a preliminary examination of the roughly 150 insurance companies in its portfolio that could be considered potential claimants. However, the report does not cover specific damages or address which buildings might be represented in a potential claim.

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