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Insurer likely to face $1 billion bill for Grenfell Tower fire

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Norway-based insurer Protector Forsikring A.S.A. is likely to face a bill of $1 billion for the June 14 Grenfell Tower fire, Sputnik reported citing The Times. The eventual cost will depend on the number of casualties, any potential litigation, the cost of demolishing the building and the price of rebuilding the tower. Munich Reinsurance Co. is said to be the reinsurer for Protector Forsikring.

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