Filed Under:Risk Management, Public Sector Risk

9/11 Tribute Museum opens in new location

Leadership sponsors include Zurich NA, honoring four colleagues killed in the 9/11 attacks.

9/11 Tribute Museum Co-Founders Jennifer Adams-Webb and Lee Ielpi, center, cut the ribbon to the museum's new location with other dignitaries on June 13, 2017. (Photo: David Handschuh)
9/11 Tribute Museum Co-Founders Jennifer Adams-Webb and Lee Ielpi, center, cut the ribbon to the museum's new location with other dignitaries on June 13, 2017. (Photo: David Handschuh)

The 9/11 Tribute Museum celebrated its expanded new location at 92 Greenwich Street in New York City with a ribbon-cutting ceremony.

Related: 9/11 attacks 15 years later: A look at losses by the numbers

The opening was led by a procession of pipe bands from the N.Y. Fire Department, the N.Y. Police Department, the Port Authority Police Department and the New York City Department of Sanitation. FDNY Firefighter Regina Wilson sang the National Anthem against the backdrop of a huge flag suspended by two cranes and the new 4 World Trade Center, home of Zurich's N.Y. office, in the distance.

Jennifer Adams-Webb, co-founder and CEO of the 9/11 Tribute Museum, speaks at the opening ceremony. (Photo: Caterina Pontoriero)

In addition to honoring those who lost their lives on Sept. 11, 2001, the ceremonies recognized the museum volunteers who share personal 9/11 stories with visitors.

9/11 Tribute Museum volunteers were applauded as they walked in a procession during the opening ceremony. The volunteers share their personal stories with visitors to the museum, and are made up of family members who lost loved ones in the attacks, survivors, first responders, recovery workers, and community residents. (Photo: Caterina Pontoriero)

The museum unveiled exhibits depicting the events of 9/11, the recovery and rebuilding, global outreach of 9/11 foundations and “Seeds of Service.” The exhibit is equipped with the latest technological advancements, both audio and visual offerings, to support and emphasize the storytelling. Leadership sponsors of the exhibit include American Express, The Port Authority of New York and New Jersey and Zurich North America.

Related: Remembering September 11th

The names of four Zurich colleagues lost in the World Trade Center attacks: John Keohane, Peggy Alario, Kathy Moran and Lud Picarro. Above, their names are inscribed into bronze parapets surrounding the 9/11 Memorial’s twin pools, set within the footprints of the original twin towers. (Photo: Zurich NA)

‘Rebuilding Gallery’

In 2016, Zurich North America made a four-year commitment of $500,000 toward the new construction of the expanded 9/11 Tribute Museum. Zurich has committed to supporting the “Rebuilding” gallery in the new location. The gallery explores the many ways that individuals, families, uniformed services, companies, the city and the country started the processes of rebuilding, not just the physical infrastructure, but their lives, institutions and communities.

Zurich North America lost four colleagues in the World Trade Center attacks: John Keohane, Peggy Alario, Kathy Moran and Lud Picarro. Since 2002, Zurich has celebrated their lives by presenting the KAMP Leadership Award to deserving employee leaders. 

Exhibitions offer visitors an in-depth exploration of the personal stories from family members who lost loved ones, survivors, first responders and people who live and work in Lower Manhattan, learning about their experiences and how they responded to the challenges they faced. The new exhibit is designed by Lee H. Skolnick Architecture + Design Partnership. 

“The opportunity to contribute to the healing process associated with the tragedy of 9/11 has been an extremely meaningful and sacred one for us.  As designers of the museum experience our goal was to draw upon the powerful authenticity of people speaking in their own words to tell the stories of extreme emotion and loss, resiliency and strength, and finally inspiration and healing," shared Lee Skolnick, founder and Principal of Lee H. Skolnick Architecture + Design Partnership.

Insurance impact of 9/11

Prior to Sept. 11, 2001, when the World Trade Center and the Pentagon were attacked, insurers generally provided terrorism coverage to their commercial insurance customers essentially free of charge because the chance of property damage from terrorist acts was considered remote, according to the Insurance Information Institute. After Sept. 11, insurers began to reassess the risk.

Congress passed the Terrorism Risk Insurance Act in 2002 to address concerns about the limited availability of terrorism coverage in high-risk areas and its impact on the economy. The act provides a temporary program that, in the event of major terrorist attack, allows the insurance industry and federal government to share losses according to a specific formula.

The Terrorism Risk Insurance Act was signed into law on Nov. 26, 2002, and renewed again for six years in January 2015 as the Terrorism Risk Insurance Program Reauthorization Act of 2015.

Related: Terrorism risk insurance: Trends, take-up & pricing

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