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London insurance company take huge loss in market
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London's insurance market plate posted its first half-tax loss of £ 400m after Hollywood paid £ 2.4bn in Coronavirus this year. The epidemic insurers around the world are on the rise with Hollywood estimating that non life insurers will pay more than $ 100 billion in travel, business, events, trade and other disruptions earlier this year.
The British Regulatory Authority for Financial Conduct has filed a lawsuit in the High Court seeking legal clarity on insurers' legal liability to disrupt business in the context of the Covid-19 which has been criticized for compensating businesses.
Posted Using LeoFinance
