NU Online News Service, Aug. 9, 11:36 a.m. EDT
In the wake of Barclays Bank admitting to manipulation of Libor—used by banks to set the interest rate they charge when borrowing from one another—other financial institutions are now on notice over their involvement in setting the rates. Jeff Grange, senior vice president, head of professional lines for the specialty underwriter Torus, spoke with PC360 and provided insight into how the scandal will affect the professional services insurance market for financial institutions.
Examining the Libor scandal, what exposures are insurers most concerned about?
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