Lloyd’s of London’s Covid-19 insurance claims could top $4bn
In a double blow, insurers have also lost money due to falling markets, slashing the investments they use to pay out claims
14 May 2020 - 17:51
London — Lloyd’s of London is likely to pay out $3bn-$4.3bn in insurance claims related to the coronavirus pandemic, similar to losses from the 9/11 attacks, it said on Thursday.
The pandemic has locked down economies around the world, bringing businesses, events and travel to a halt and leading to hefty claims...
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