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Property Damage and Insured Losses from the 2001 World Trade Center Attacks

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  • Grossi Patricia

    (Risk Management Solutions, Inc.)

Abstract

This paper presents a summary of the overall property damage and final insured loss estimates as a result of the World Trade Center (WTC) disaster on September 11, 2001. Initial research completed at the time of the event was combined with available information since this time to develop final monetary estimates for damage to buildings and their contents, infrastructure, and cleanup costs. In addition, the insured loss as a function of property damage is presented, emphasizing the enormous impact of this event on the U.S. insurance industry.

Suggested Citation

  • Grossi Patricia, 2009. "Property Damage and Insured Losses from the 2001 World Trade Center Attacks," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 15(2), pages 1-18, July.
    • Handle: RePEc:bpj:pepspp:v:15:y:2009:i:2:n:3
    DOI: 10.2202/1554-8597.1163
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    Cited by:

    1. Chen, Zhenhua & Rose, Adam Z. & Prager, Fynnwin & Chatterjee, Samrat, 2017. "Economic consequences of aviation system disruptions: A reduced-form computable general equilibrium analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 207-226.
    2. Bram Jason & Haughwout Andrew & Orr James, 2009. "Further Observations on the Economic Effects on New York City of the Attack on the World Trade Center," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 15(2), pages 1-24, July.
    3. Adam Rose & Charles K. Huyck, 2016. "Improving Catastrophe Modeling for Business Interruption Insurance Needs," Risk Analysis, John Wiley & Sons, vol. 36(10), pages 1896-1915, October.
    4. Rose Adam Z. & Blomberg S. Brock, 2010. "Total Economic Consequences of Terrorist Attacks: Insights from 9/11," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 16(1), pages 1-14, June.

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