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Insurer pays COVID-19 business interruption claims


South Africa-based insurer OUTsurance Holdings Ltd. has set aside 220 million South African rand ($13 million) for business interruption claims related to the COVID-19 pandemic, Moneyweb reported. Natasha Kawulesar, spokesperson of the insurer, said that OUTsurance has already paid out nearly 135 such claims worth around ZAR 37 million to clients in the hospitality industry.

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