Subject: Economic News (ECO)

The Senate's leading Democrat is under pressure from trial lawyers not to limit civil lawsuits. Real estate groups say Lott and other Republicans from rural states don't grasp the possible effects of not having federal support.

February 28, 2002 WASHINGTON – During his latest appearance before the U.S. House of Representatives Financial Services Committee yesterday, Federal Reserve Chairman Alan Greenspan said he supported a federal backup plan for terrorism insurance. Greenspan, quoted in today's Washington Post, ...

This week, the GAO gave a report before a Congressional hearing on the proposed federal aid for insurance companies in case of further terrorist actions.

Testimony will be heard from eight industry experts. A GAO executive will present his office's recent findings that highlight economic vulnerabilities if no federal backstops are put in place for the insurance industry.

February 15, 2002 NEW YORK – Silverstein Properties will receive $365 million within 30 days from two insurers that provided policies on the former World Trade Center.Under the settlement, Ace Bermuda Insurance Ltd. and XL Insurance (Bermuda) Ltd. will pay ...

February 13, 2002 WASHINGTON – In a broad effort to convince Congress that the country needs federal help in insuring against losses stemming from terrorist attacks, 26 trade organizations have formed a group to address the issue with one voice.The ...

January 16, 2002Commercial Real Estate Direct Staff ReportThe Bond Market Association is hosting a forum on Friday, Jan. 18, for the commercial real estate community that will focus on the rebuilding efforts for lower Manhattan.The BMA established the Rebuild New ...

November 30, 2001 Commercial Real Estate Direct Staff ReportThe United State House of Representatives has passed a bill that would make the federal government a player in the business of providing terrorism insurance on real estate. The bill, the Terrorism ...

The prospect of energy giant Enron going belly up has the Houston office market scrambling. The company occupies nearly 10 percent of downtown office space, much of it at its 1.26 million-sf headquarters.

November 21, 2001WASHINGTON – A District of Columbia auditor released a report yesterday claiming that more than 30 percent of D.C. property owners are taking advantage of a valuable tax break when they do not deserve it, costing the city ...