According to a report released by the Insurance Services Office (ISO), U.S. property and casualty insurers paid $24 billion in claims for 2001—the largest amount ever—mainly a result of the terrorist attacks on the World Trade Center. More than $16 billion were related to the terrorist attacks. While the $24 billion amount is staggering, it could be adjusted even higher depending on the outcome of lawsuits related to 9/11. Last year, insurers only paid out $4.3 billion in claims. Also part of the 2001 tally, insurers paid out $2.5 billion because of destruction caused by Tropical Storm Allison and $1.9 billion as a result of a St. Louis hailstorm.
Topics Property Casualty
Was this article valuable?
Here are more articles you may enjoy.
Stepbrother Suspect in Cruise Ship Death Says He Doesn’t Remember Anything 
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain 
Brown & Brown Files Suit Over Alleged Howden Poaching of 200+ Employees From This Issue
