The Long Shadow of September 11 - Impacts & Implications for Insurers and Reinsurers
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The terrorist attack of September 11, 2001 was the most expensive loss in the history of the insurance industry. The shock waves from this event will impact the price and availability of insurance coverage for years to come. Over 100 insurers around the globe are expected to pay an estimated $40 billion or more dollars in the course of settling tens of thousands of claims.
This presentation (The Long Shadow of September 11: Impacts & Implications for Insurers and Reinsurers) and accompanying paper (September 11: One Hundred Minutes of Terror that Changed the Global Insurance Industry Forever)examines the impact to date on both insurers and reinsurers and surveys the many changes that are in store for insurers and their customers in the months ahead.
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