Tight-Knit Broker Community Hard Hit.(by terrorist attacks)(Brief Article)

National Underwriter Property & Casualty-Risk & Benefits Management, October, 2001 by Ruquet, Mark E.

The attack by terrorists on Sept. 11 in New York City and Washington changed people's lives and altered the future of the insurance world in a way that few can fathom, insurance brokerage officials say. There was much speculation in the weeks following the attack on the World Trade Center about the overall cost to the industry, with estimates running as high as $75 billion.

Many brokers were busy assessing claims, securing new offices, counting the missing and saying a prayer for those lost and their families. The ruins need to be sifted through and carted away, the casualties counted, and plans put in place to rebuild both structures and lives before the final assessment of losses can be made. Within the industry two of the world's largest insurance...

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