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Business interruption insurance claims are a worry, BoE says before court rules

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The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses caused by the coronavirus crisis.

FILE PHOTO: A woman wearing a protective face mask walks past Lloyd's building in London, following the outbreak of the coronavirus disease , London, Britain, May 6, 2020. REUTERS/Henry Nicholls/File Photo

“The highest level of uncertainty remains around business interruption,” she told a City & Financial online event. “A number of insurers are taking steps to make sure there is no ambiguity about who is and isn’t covered for a second wave,” Sweeney said. Association of British Insurers Director General Huw Evans said the industry would be undertaking a “wholesale review of wordings” as a result of the disputes.

 

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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