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9/11 and Terrorism Risk 10 Years Later
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The Sept. 11, 2001, terrorist attacks in the United States forever changed how the insurance industry views terrorism risk. For property and casualty insurers and reinsurers the impact from 9/11 was substantial, amounting to insured losses of some $32.5 billion in today's dollars. As we approach the 10 year anniversary of the 9/11 attacks, Robert Hartwig, president of the Insurance Information Institute, sat down with Insurance Journal to talk about terrorism risk today, why the 9/11 event changed the way the industry views risk, why it's important for the federal government to retain its role in covering terrorism risk, and how terrorism risk is changing today.
