Do insurance companies have adequate assets to pay all the claims that were incurred as a result of the September 11, 2001 terrorist attacks?
Yes. The insurance industry is in good financial condition. These losses are spread among many insurers and the greatest losses will be the responsibility of some very large insurance companies. To pay the largest losses, the insurance companies will also receive financial assistance from their reinsurers. Reinsurers are generally very large international companies who accept part of the risk of insuring significant potential losses.
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