Insurance, Terrorism, and 9/11

Topics:
Terrorism Insurance
Tags:
9/11 Commission,
Business Operations,
Corporate Insurance,
Finance,
Financial Planning,
Government,
Homeland Security,
Insurance,
Terrorism
Source:
American Bar Association

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Overview: The collapse of the World Trade Center towers exists at the outermost edge of human comprehension. Even after one visits Ground Zero, the events of 9/11 retain a surreal quality, invoking feelings beyond words as one tries to contemplate losses immeasurable with numbers. Indeed, the insurance losses are insignificant when compared to the human tragedies caused by the terrorist attacks and in insurance terms, we witnessed the most costly, complex events to transpire in a single day in the history of the planet. Hindsight always sharpens one’s vision, but it is understood before 9/11 that a terrorism event of this magnitude was possible. In large measure this diversity requirement leaves class action jurisdiction in state hands.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 501KB | Date: Jan 2003 | Pages: 8


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