A Ruinous Day for Insurers

The staggering costs related to the bombings could bankrupt some smaller companies

When Hurricane Andrew ripped through South Florida in August, 1992, it was a sobering reminder of the human and the financial price Mother Nature could exact. Now Andrew has a ghastly rival. As people registered the shock of Tuesday's destruction in New York and Washington, whispers began within insurance circles that the attacks might cost insurers as much as $30 billion.

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