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Insurers ordered to pay claims by a U.K. court in the Financial Conduct Authority's business interruption insurance test case are expecting their reinsurers to pay their share, Artemis reports. For example, Bermuda-based Hiscox Group said that it might now face an additional £100 million of business interruption claims from the pandemic.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees