GENOA, Italy-Marine insurers meeting last month in Italy said that it was too soon to determine their exposure to the Sept. 11 terrorist attacks in the United States but that they expect the tragedy will change their market forever.
At the annual conference of the International Union of Marine Insurance in Genoa, Italy, IUMI President Richard DeSimone, speaking via video from New York, told delegates: ``The impact to the insurance industry will be of a magnitude that we have not seen before and will alter the very way we do business.''
This blow comes at a time when the marine market is already dealing with an increasing demand for marine insurance products …
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