CRS documented $60 billion in losses from 9/11 attacks, and Congress extended the related risk insurance program through 2034.
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Updated sep 11
The latest in this situation
- Sept. 11 attacks necessitated disaster recovery planning for financial institutions.
- The financial fallout of the 9/11 attacks led to massive insured losses in the US, prompting the need for a federal backstop.
- CRS documented $60 billion in losses from 9/11 attacks, and Congress extended the related risk insurance program through 2034.
How it started
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What happened
CRS documented $60 billion in losses from 9/11 attacks, and Congress extended the related risk insurance program through 2034.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The financial fallout of the 9/11 attacks led to massive insured losses in the US, prompting the need for a federal backstop.Sub-event
CRS findings on 9/11 losses and Congressional action extending the risk insurance program.1 source
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The entities involved
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Congressional Research Service
United States federal agency