Search
 

Home

Instant Insights / Remembering 9/11

In observation of the 20th anniversary of the September 11 terrorist attacks that claimed the lives of 2,996 individuals, these articles curated by PropertyCasualty360.com honor loved ones lost and reflect on the lasting impact 9/11 has had on the insurance industry.

Commentary

9/11, COVID and the insurance industry

Reviewing both events can offer tips for managing future unprecedented events.

By John Head, Wes Robinson and Bill Wilkinson | September 10, 2021 at 02:15 PM
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
“Make sure that everything you do on any given day is preparing you, leading you up to being able to handle an emergency,” says Wes Robinson, president, RPS national property. This means being there for your insureds, answering their questions, and helping them navigate through the crisis. (Credit: U.S. Navy) The insurance industry was hit with 9/11-related claims estimated at some $40 billion, which represented a whopping 10% of its surplus at that time. (Credit: U.S. Navy)

While the 9/11 attacks and the COVID-19 pandemic are two very different events, there are parallels, especially from an insurance standpoint. Principally, both events were unprecedented and unexpected, both for our nation and the insurance industry.

The insurance industry was hit with 9/11-related claims estimated at some $40 billion, which represented a whopping 10% of its surplus at that time.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.