9/11 Terrorist Attack Suits Left Mark On Insurance Industry


By Shawn Rice (September 10, 2021, 9:46 PM EDT) — The terrorist attacks on Sept. 11, 2001, marked a generational turning point for many in the United States, and 20 years later those events have had a resounding impact on the insurance industry from the claims, lawsuits and settlements that were triggered by the tragic loss of life and property damage.

Apart from the human toll of the attacks across New York, Pennsylvania and Washington, D.C., that day set in motion high-dollar-value, complex and closely watched insurance disputes, resulting in $47 billion in insured losses, according to 2019 data from Insurance Information Institute.

As the country recovered from the attacks, insurers…

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