The news of Osama bin Laden’s death had PropertyCasualty360.com’s reporters busy this morning as we analyzed all sorts of impacts for risk managers, brokers, and insurers.
Changes in terror risk levels, advances in intelligence used to track down terrorists, and implications for the terrorism insurance market are among the items we began reporting about in the wake of President Obama’s announcement late last night.
At the same time, industry sources are pulling together facts and figures about insured property losses from various terror acts attributed to bin Laden or the Al Qaeda movement.
But for many of us who were involved in the insurance industry 10 years ago on a terrible day in September, the real impact can never be measured in claims dollars, and the most profound messages have little to do with risk management advice.
Instead, we remember the loss of more than 500 lives from a community of brokers and insurers. And some of our readers remember being in or near the twin towers on Sept. 11, 2001.
Whether you are an insurance buyer or seller, your first response to the president’s Sunday night announcement probably had little to do with either of those two functions. We invite you to share your initial reactions and more measured thoughts today by responding to this blog post.
How did you feel when you heard the news? What do you remember about the day of the attacks and the people we lost? What still needs to be done to help the families of victims and survivors in our insurance industry community?