Terrorism Leaves WC Insurers Exposed
With the first anniversary of the Sept. 11 terrorist attacks just around the corner, it is safe to say that the past year has borne witness to one of the most rapid and radical transformations in the history of the insurance industry.
From Ground Zero, the economic shockwaves from that tragic event were transmitted in an instant through many different channels to businesses and governments around the world. Insurance was among the principle mechanisms by which the death and destruction of Sept. 11 were translated into the cold calculus of dollars and cents.
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