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Article: Loss picture still unclear.(September 11)
- Article from:
- Business Insurance
- Article date:
- September 9, 2002
- Author:
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MARK A. HOFMANN and MEG FLETCHER
A year after the Sept. 11 attacks, insurers, industry analysts and others are still trying to determine exactly how much the incident will ultimately cost.
And, say observers, the final tally may not be known for years.
``I keep seeing estimates being thrown out, but I don't think anybody really has a clue as to what the total bill will be,'' said Sandy Vietor, deputy chairman of global risk solutions at Willis of New York.
The attacks led to ``multiple claims from multiple insureds, and the fact is that there's no one entity that collects all the claims data,'' said Mr. Vietor. ``Two of the ...