Insurance industry rocked by US attacks

Yesterday's terrorist attacks in the US are likely to have a severe impact on the insurance industry, which could be facing the largest claims in history. Businesses have been warned that the events could bump up the cost of premiums significantly. Lloyd's of London could be badly hit because it is renown for offering companies cover for terrorist attacks. Lloyd's also has around 30% of the aviation reinsurance market and is believed to have some exposure to the World Trade Centre. The world's second largest reinsurer Swiss Re has assured commentators that potential US damage claims w...