Insurers Mull Attack Losses.(World Trade Center)(Brief Article)(Statistical Data Included)

National Underwriter Property & Casualty-Risk & Benefits Management, September, 2001

While continuing to express concern, grief and condolences for those who lost family, friends, colleagues and clients in the terrorist attack that destroyed New York City'S World Trade Center last week, the insurance industry is going about the grim business of trying to assess the damages and estimate the claims they face.

Industry-wide preliminary figures on insured losses are in the billions of dollars, with published estimates ranging from $15 billion to as high as $30 billion. (For updates on this breaking story, check the NU Online News Service at NationalUnderwriter.com throughout each business day.) To put last week's events into perspective, the 1993 World Trade Center bombing caused insured losses of $510 million, according to Loretta Worters,...

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