Basel regulators to study insurers' reaction to US attacks

The way the insurance industry handles the claims, as well as its financial capacity to do so, will influence the attitude of bank regulators toward op risk insurance, the sources said.

The attacks devastated New York's financial district, leaving some financial firms with hundreds of staff dead, and destroying or damaging the buildings of several banks whose businesses were severely disrupted - an operational loss event of previously unimaginable proportions. The attacks fall within the 'ex

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