Independent journal on economy and transport policy
13:33 GMT+1
Lloyds faces £5.4bn claims, says S&P
(The Guardian)
October 24, 2001
Jill Treanor Lloyd's, the London insurance market, faces claims of £5.4bn related to the terrorist atrocity on September 11 - thought to be the largest ever drain upon its resources for a single "catastrophic" event.
The estimate, by ratings agency Stand & Poor's, indicates that Lloyd's own estimate of its loss of £1.3bn relies on it being able ...... Read more on The Guardian
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