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Operational Risk Control with Basel II
book

Operational Risk Control with Basel II

by Dimitris N. Chorafas
November 2003
Intermediate to advanced content levelIntermediate to advanced
400 pages
12h 48m
English
Butterworth-Heinemann
Content preview from Operational Risk Control with Basel II
Tort is technical and operational risk of insurers 275
bankruptcy of more than 70 firms. The number of jobs lost due to these lawsuits is
thought to be 60 000, and according to some estimates the cost of associated court
actions could reach $200 billion.
Asbestos litigation is one of the best examples not only of tort, but also on its
spillover. Slowly, such litigation has spread from firms involved directly in the mining
of asbestos or the manufacture of and sale of asbestos-based products, to others that
had only some dealings with asbestos producers, and therefore peripheral
involvement.
Interests embedded in current tort legislation see to it that ...
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Publisher Resources

ISBN: 9780750659093