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November 10, 2004

Who Paid the 9-11 Costs?

RiskProf reports on a RAND Corporation study of who paid compensation for 9-11 damages. Of th 38.1 billion dollars that they quantify, 51% was paid by insurance companies, 7% by charity, and 42% by government. An interesting question is whether the high amount of non-insurance compensation will cause people to rely less on insurance.

Posted by erasmuse at November 10, 2004 06:10 PM

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