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Forcing business interruption claim payments could 'doom' insurers

Posted On: Apr. 20, 2020 5:59 AM CST


Two senior insurance and reinsurance market leaders have warned that the sector is already facing massive losses from the COVID-19 pandemic and that forcing them to pay business interruption claims could bankrupt the industry, Artemis reports. The comments come from Oliver Bate, chief executive of Germany-based Allianz SE, and Evan Greenberg, CEO of Chubb Ltd.

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