The insurance industry was hard hit by the Sept. 11, 2001 terrorist attack.

Not only were a number of people highly respected in the industry killed when the airplanes hit the World Trade Center, but some in the domestic industry, especially American International Group, along with foreign insurers and the reinsurance industry, were particularly affected.

Moreover, the period between October 2001 and November 2002 was an absolute nightmare for the industry.

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