5: The 9/11 Business Insurance Claim – $40 B
9/11 terror attacks on New York’s Twin Towers were not only remembered for the loss of lives but it also made headlines for the mammoth Insurance bill. More than 3000 people died in the attacks and around $40 billion had to be paid out by the insurance companies. No wonder, Terrorism insurance became a hot topic after this event.
Insurers paid claims for business interruption loss, damage to property and vehicles, life insurance, liability insurance, aviation liability and workers compensation. Mr. Silverstein, the developer of ground zero has already won $4.6 billion in insurance payments and is now planning to sue the airlines and airport security companies for the 9/11 attack for $12.3 Billion.