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How bin Laden's Death Affects the Insurance Industry

Amidst news today that 9/11 mastermind Osama bin Laden had been killed, PropertyCasualty360 compiled this special report on the event by speaking with brokers on how it could affect the insurance market, explaining why TRIA matters more today than ever, and examining social networking's role in measuring terrorism risk.

By Chad Hemenway and Mark E. Ruquet | Updated on May 02, 2011
Crowds celebrate on Pennsylvania Avenue in front of the White House in Washington, early Monday, May 2, 2011, after President Barack Obama announced that Osama bin Laden had been killed. (AP Photo/Charles Dharapak)

Amidst news today that 9/11 mastermind Osama bin Laden had been killed, PropertyCasualty360 spoke with industry experts and executives to determine how the event could affect the insurance industry.

As part of our coverage, we interview Gordon Woo, a catastrophist with Risk Management Solutions (RMS), about how social networking analysis can prevent losses, hear from the Insurance Information Institute on why TRIA matters more today than ever because of potential increased demand for terrorism insurance, and listen to brokers at Marsh, Willis, and Aon on what happens to the terrorism insurance market if a reprisal occurs.

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