Terrorism Leaves WC Insurers Exposed

With the first anniversary of the Sept. 11 terrorist attacksjust around the corner, it is safe to say that the past year hasborne witness to one of the most rapid and radical transformationsin the history of the insurance industry.

From Ground Zero, the economic shockwaves from that tragic eventwere transmitted in an instant through many different channels tobusinesses and governments around the world. Insurance was amongthe principle mechanisms by which the death and destruction ofSept. 11 were translated into the cold calculus of dollars andcents.

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