Achleitner, Paul M; Biebel, Jorg H; Wichels, Daniel - In: The Geneva Papers on Risk and Insurance - Issues and … 27 (2002) 2, pp. 275-282
The attack on the World Trade Center (WTC) had a serious double impact on insurance companies, revealing a significant correlation between the asset and liability sides of their balance sheets. Insurance companies that previously considered themselves well capitalized, suddenly felt vulnerable...