A sigma study by Swiss Re estimates that more than 33,000 people lost their lives as a result of natural catastrophes and man-made disasters in 2001, and puts the cost to the insurance industry at $34.4 billion.
Over half those losses, an estimated $19 billion from property claims and business interruption, were caused by the Sept. 11 attacks.
Topics Trends Catastrophe Profit Loss Swiss Re
Was this article valuable?
Here are more articles you may enjoy.
California Sees Two More Property Insurers Withdraw From Market 
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination 
Trump’s Bond Insurer Tells Judge Shortfall Is ‘Inconceivable’ 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
