Vornado Realty Trust R.E.I.T.

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R.E.I.T.

“We have seen brokers and insurance companies come and go, but ICA continues to find the strongest policy language at the most competitive pricing. ICA partners with our in-house professional staff by offering unbiased insight into the insurance industry, which we could never obtain from a broker… One particular example of ICA’s expertise and willingness to rise to the occasion during tough times occurred immediately after September 11, 2001. As the owner of billions of dollars in NYC real estate, we were acutely concerned as to how our various property policies would protect us in the event of another terrorist act. ICA’s experts carefully analyzed all of our property policies with a critique utilizing various hypothetical loss situations, created an in depth study of which coverages would protect us, what limits were applicable to which properties, what exclusions and limitations would apply, and how we could immediately amend certain aspects of our policies to protect us further from another catastrophic loss such as 9/11. They held a meeting during which they explained to all of our senior executives exactly how each possible loss scenario would play out from an insurance perspective. This was a huge learning and eye-opening experience for all of us, and we were reassured once again of ICA’s expertise. In the months that followed, ICA helped steer us through the myriad of developments in the Terrorism Coverage world to assure we obtained the best and fairest priced terrorism coverage currently offered… Even before 9/11, we had solidly reached the determination that ICA is as necessary and valuable as our accounting firms and our legal counsel, and we invite them to provide insight into every big business decision we make.”

– Brian Kurtz, Senior VP

See our Disaster Contingency Planning Consulting Service, and our First Party Property Claims Preparation and Recovery Service.

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