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.
Eastern States’ Grocers Shut Online Systems After Cyberattack 
Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk 
AI’s Water Strain Includes Surging Demand From Electricity Use 
Florida Supreme Court Approves Board Certification in Insurance Law 
