The 9/11 Stock Sell-Off
10 Questions
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The 9/11 Stock Sell-Off

Created by
@UnboundFluorite

Questions and Answers

What were the sectors hardest hit by the stock sell-offs?

airline and insurance sectors

Which airlines were the hardest hit?

American Airlines and United Airlines

Why did gold prices leap after the terrorist attacks?

reflecting the uncertainty and flight to safety of nervous investors

What were the fears that caused gas and oil prices to shoot upward?

<p>that oil imports from the Middle East would be curtailed</p> Signup and view all the answers

Why did gold prices and gas/oil prices eventually retreat to their pre-attack levels?

<p>no new attacks occurred and deliveries of crude oil to the U.S. from its usual sources continued unabated</p> Signup and view all the answers

What was the estimated amount of 9/11-related claims that hit the insurance industry?

<p>$40 billion</p> Signup and view all the answers

What legislation was passed as a result of the fallout from the 9/11 attacks on the insurance industry?

<p>Terrorism Risk Insurance Act</p> Signup and view all the answers

Why was the Terrorism Risk Insurance Act necessary?

<p>Premiums were becoming too costly or simply unavailable due to perceptions of increased risk</p> Signup and view all the answers

What did the Terrorism Risk Insurance Act enable insurers to include once again?

<p>terrorism insurance as a part of their coverage</p> Signup and view all the answers

What would be the cost of coverage against terrorism acts without the Terrorism Risk Insurance Act?

<p>too steep for most businesses to purchase</p> Signup and view all the answers

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