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International

Insurers criticized for pandemic response

July 02, 2020 Reprints

David Williams, managing director of underwriting and technical services at Axa Insurance U.K. PLC, said that insurers' response to the COVID-19 pandemic could have been better as they already anticipated an outbreak, S&P Global reported. The insurance industry could be blamed for continuing to use old, archaic wordings that go back decades and is not fit for business interruption policies, Mr. Williams added.

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Insurers criticized for pandemic response

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