ADVISORY/Experts Available to Comment on Future of the Insurance Industry.

Business Editors

ADVISORY...

--(BUSINESS WIRE)--Sept. 20, 2001

TOPIC: Experts expect that insurance companies will be hard hit by last week's
terrorist attacks in New York and Washington, events classified as the most
expensive disasters insurers have ever faced. According to a story by MSNBC,
claims are expected to exceed $25 billion, the equivalent of 1,000 catastrophes
by industry standards. According to experts in the story, it could take years
for the complex liability issues associated with the attack to be hashed out.
While many experts say the insurance industry is strong enough to survive, many
also believe the attacks will cause wide-ranging changes in premiums and
policies, the story said. EXPERTS: ExpertSource can offer several highly
qualified experts to comment on this story:

Brian S. Kabateck is a Los Angeles plaintiffs' trial lawyer who represents individuals, small businesses and homeowners associations against their insurers in bad faith, fraud, coverage and contractual issues. Kabateck, partner at Quisenberry & Kabateck LLP, represents hundreds of homeowners, homeowners associations and businesses in cases arising from the 1994 Northridge earthquake. He can explain what businesses affected by the terrorist attacks can expect in the months ahead as they file claims with their insurance companies. This includes what they will need to provide to prove damages. Businesses throughout the country may have suffered damages as they closed after the attacks. The eventual price tag may be more than even the $20 to $30 billion predicted. PR: Diane Rumbaugh: 805/493-2877; [e-mail]

Dr. Alfred Hofflander is an economist at the University of California, Los Angeles. His expertise includes insurance economics and insurance regulation. 310/475-2879

Marsha D. Egan, CPCU, API, CPIW, is the immediate past president of the CPCU Society (Chartered Property Casualty Underwriters) and an assistant vice president at Encompass Insurance in Reading, PA. In the field of property and casualty insurance, Egan is an expert personal lines, insurance fraud, underwriting, insurance education, ethics, management, the industry in change, and agency/company relations. In addition to insurance topics, Egan is also well versed in personal resilience, knowledge-based decision making, leadership, change management, and networking for women. 610/320-4386; [e-mail]

ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

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