Insurance industry remembers September 11

September 11 insurance industry losses

The terrorist attacks that happened twelve years ago will never be forgotten by individuals or businesses. The horrific and devastating attacks on the United States on September 11, 2001 were far from local events, having caused a ripple felt around the world and that are remembered today, on their anniversary, by everyone from individuals to governments, and to the insurance industry. The terrorist attacks took their toll on our lives, our sense of safety and security, and even on our financial wellbeing. The human impact was, by far, the most…

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Insurance news made in NY when judge blocks 9/11 claims against airlines

terrorism insurance industry news 9/11 Memorial in 2004

The ruling in New York is that the World Trade Center’s owners cannot demand payouts from the attacks. A federal judge has just made insurance news headlines when he ruled that the owners of the World Trade Center are not permitted to make demands of billions of dollars of additional payments from insurers due to the attacks on September 11, 2001. The owners of the buildings will not be able to receive the money from the airlines and their insurers. The insurance news was made when Judge Alvin Hellerstein made…

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Post 9/11 insurance industry is vastly different, says report

This weekend marks the tenth anniversary of the September 11 attacks which brought down New York City’s World Trade Center. Since the attack, the political landscape has changed dramatically, a shift that has been mimicked throughout society as terrorism more people became aware of terrorism. Many things changed in the wake of 9/11, and while many of these changes resided within the boundaries of the nation, the entirety of the world’s insurance industry underwent a drastic shift. The Insurance Information Institute (I.I.I) has been studying the changes in the worldwide…

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