The Australian Stock Exchange halted trading in the shares of insurer QBE Insurance Group Ltd. in response to the sharp drop in their value following the announcement of QBE’s exposure to large losses from the terrorist attacks in the U.S. (See IJ Website Sept. 18 & 19).
The value of the shares has fallen by more than two-thirds since the attacks, closing at U.S. $1.70, and the company’s capitalization dropped to under $1 billion prior to the suspension.
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Arising From the Middle East Conflict 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
