The airline disasters in New York City, Pittsburgh and Washington, D.C. have taken an incalculable toll of human lives. The National Association of Independent Insurers (NAII) has three member companies headquartered in the World Trade Center. The Association extends its deepest condolences to the families of those employees and to the tens of thousands of individuals across the United States who lost friends and relatives as a result of this deeply disturbing act of terrorism.
The tragedy of this terrorist act will also send shock waves through the global insurance industry as losses from the incident will exceed $25 million and be declared an official catastrophe.
