Unprecedented levels of violence are occurring in areas of the world which were once presumed safe. Often overlooked is the impact these strikes have on the businesses sustaining them.
For property and casualty insurers and reinsurers, the impact of the 9/11 terrorist attacks was enormous, producing insured losses over $43 billion in 2015 dollars.
"Whatever numbers Congress ultimately agrees to, lawmakers should be aware of this: markets are fully capable of taking on more terrorism risk and it clearly would be in taxpayers' interest to let them."
"Whatever numbers Congress ultimately agrees to, lawmakers should be aware of this: markets are fully capable of taking on more terrorism risk and it clearly would be in taxpayers' interest to let them."