Remembering 9/11…
Posted by admin | Posted in Miscellaneous | Posted on 10-09-2010
Tags: 9/11, insured, loss, paid, terrorism
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Tomorrow marks the ninth year anniversary of 9/11.
“The 9/11 attack was the largest loss in the history of the global insurance industry until Hurricane Katrina in 2005,” said Hartwig. “As construction moves ahead on the new World Trade Center site, insurance claims dollars continue to play an essential and highly visible role in rebuilding lower Manhattan.”
According to the Insurance Information Institute (III), this tragic event has produced an insured loss of $39.4 billion. Looking at the graph below, you can see the break down of what has been paid for just this one event.
