Can Insurers Handle Losses?
The forces of two 767-planes flown deliberately into the twin towers of New York's World Trade Center destroyed buildings that were said to be able to withstand the force of a 707 crash.
The property-casualty insurance industry is supposed to be solid enough to withstand the combination of several multi-billion-dollar events with capital to spare. But as insurers prepare to pay for the loss of life and property that tragically resulted from the Sept. 11 terrorist attacks, an obvious question is whether the industry will stay financially strong.
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