Life insurance regulators look back on 9/11 after 15 years
September 13, 2016 by Arthur D. Postal
WASHINGTON — The terrorist attacks on the World Trade Center and other facilities on Sept. 11, 2001 were “a disaster… that neither our country nor the insurance industry had dared to contemplate,” as stated by New York Insurance Superintendent Greg Serio in congressional testimony later that month.
The event took its toll on Serio — his predecessor was killed in the attack. Two MetLife associates housed in a sales office in the World Trade Center were also among a total of 2,976 people who died in the multi-pronged attack.
“Without question, the assaults of September 11 represent the costliest disaster in American history,” said Michael Oxley, chairman of the House Financial Services Committee, at a hearing on the issue later in the month.
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