9/11 and Insurance: The Eight Year Anniversary

Insurance claims dollars are helping to rebuild Lower Manhattan even eight years after the Sept. 11, 2001, terrorist attacks. The 9/11 attacks produced the second largest loss in the history of insurance, falling just behind the claims losses left by Hurricane Katrina in 2005.

In total, the 9/11 attack generated insured losses of $39.5 billion (adjusted to 2008 dollars), including property, business interruption, aviation, workers’ compensation, life and liability insurance claim costs…

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