catastrophic losses versus growth potential analysis of post wtc attack earnings forecasts insurance industry xuanjuan chen university rhode island usa bingxuan lin tong yu the authors gratefully acknowledge contribution institutional brokers estimate system i b e s a subsidiary thomson financial for providing per share forecast data also appreciate helpful inputs from participants at 2003 american risk and association meeting seminar abstract terrorist on world trade center september 11th 2001 had an enormous impact according to swiss reinsurance 2002 estimated insured loss is between 30 58 billion such large claim push into hard market where coverage limited prices are high simultaneously this event has greatly changed how public view risks general become consider attacks as virtual threat their overall perception subsequently demand
