Terrorists attacked the World Trade Center on September 11, 2001. The

Terrorists attacked the World Trade Center on September 11, 2001.

The attack simultaneously created large losses for life insurers, property insurers, workers compensation insurers, health insurers, and liability insurers. What name is given to an event that simultaneously creates large losses in several lines of insurance?
A) speculative loss
B) clash loss
C) retroactive loss
D) consequential loss

ANSWER

Answer: B